Igl Share Price Target 2022 , 2023 , 2024 , 2025 & 2030

IGL Share Price In this section, we will attempt to predict two expected target levels for IGL Limited for 2023. In this section, we will try to predict two target price levels for IGL Limited by the end of this decade, ie one year. 2030. First target price for the shares of IGL Ltd. The end date of 2022 is around Rs 657.70 and another target price for the same share is around Rs 811.90.

IGL Share Price

IGL’s daily price action analysis on short to medium term time frame is positive, but buyers have turned bullish on the stock recently. Indraprastha Gas ((IGL)) price action analysis is negative on short to medium term time frame basis, but the trend is very volatile. Indicator Name ADX Signal Value 12, 28, 39 MACD -3, Sell -1 Stochastic 24 Sell CCI -261 Sell RSI 47 Sell OBV 2503569 Sell VWAP 497 ADL 0 Sell ROC -2 Sell Force Index 0 Stock Analysis Indraprastha Gas ( (IGL) The short-term selling price is clearly negative. The bearish short moving average (21 day) is bearish with respect to the IGL short moving average.

The Bearish Moving Average (50 day) is bearish with respect to the IGL moving average. Long Bearish Moving Average (100 Days) The IGL Long Moving Average is bearish. Current IGL support is at 475.05 and resistance is at 481.6 on a 15-minute basis.

IGL Share Price Targets 2022, 2023, 2024, 2025 and 2030

We reiterate our BUY recommendation for IGL with OW sentiment and target price of Rs 635 at Rs. On 635 DCF basis (unchanged). Sharekhan is optimistic about Indraprastha Gas, in his research report dated December 7, 2021, recommending a buy to the company with a target price of Rs 650.

Shares of IGL are down 13% in the last 15 days as concerns have been raised over economic margins over the recent rise in global gas prices and its impact on APM rates. According to its report, the research company raised the price of the gas distributor’s shares to buy back after the suspension and raised its target price from Rs 580 to Rs 660, giving a 27% upside potential. The recent inefficiency of MGL, Gujarat Gas, is off to a good start, the brokerage firm said.

Jefferies expects domestic gas prices to rise 60% in October to $3.2 per million Btu, to $2 per million Btu, and next year to $5.4. We believe such concerns have arisen because the cost of running a CNG car will be almost half that of a gasoline powered car, even if domestic gas prices are double; Consequently, we remain optimistic about a fairly stable IGL margin of > Rs. We expect that in the future, due to higher LNG prices, gross margins will come down from the current high levels.

Based on the improvement in the second quarter of fiscal 22 and taking into account the increase in the company’s APM gas price in the second half of fiscal 22, we will adjust earnings per share for fiscal 22 by 29%. In FY23, IGL trades at 23.4x and GAIL at 7.7x.

It turned out better than expected (Methane content is currently 8% higher than their pre-Covid peak) and EBITDA/SCM was higher than expected (INR 8) due to an increase of INR 1.8/kg in Methane prices during the quarter. , … Net income is projected to grow 15% next year, compared to 16% forecast for India’s gas sector growth. For the quarter ended 06/30/2021, the Company reported Total Consolidated Income of Rs 1,410.32 Crore, which is 18.87% lower than last quarter’s Total Revenue of Rs 1,738.30 Crore and higher by 110.75% as compared to corresponding quarter last year Is. ,

The company has reported net income after tax of Rs 244.29 crore in the most recent quarter. As of June 30, 2021, the founders held 45% of the company’s capital, while FII held 23.9%, DII 14.8% and the public and others 16.3%. As of September 30, 2021, the founder held 45.0% of the company’s shares, FII – 21.88%, and DII – 16.06%.

In the 2015-16 financial year, the company acquired 25 transparent shares of Maharashtra Natural Gas Limited (MNGL) at Rs 38 per share in the second and final payment, taking its total shares to Rs 50 million, which is 50 % Is. Paid-in authorized capital of MNGL. In the 2014-15 financial year, Maharashtra Natural Gas Limited (MNGL) became an associate after acquiring 475 crore MNGL shares from a few MNGL financial investor shareholders at a price of Rs 38 per share in the first phase. IGL was established in 1998 and acquired Delhi Natural Gas Distribution Project from GAIL (India) Limited (formerly known as Indian Gas Authority Limited) in 1999.

IGL Limited annually distributes natural gas to homes and vehicles due to rising pollution, other cities in India will also have to take these steps. The company has entered into various Memorandum of Understanding (MoU) with various parties regarding setting up of LNG/LNG plants, conversion of diesel generator sets into gas generator sets and supply of charging systems for electric vehicles at CNG plants. The company has reached a new milestone with the construction of its 500th CNG filling station in the financial year 2018-19.

The company posted strong second quarter results with better earnings and revenue, though margins were lower. The second share price that a share of this company can reach by the end of 2025 is around Rs 2,203.70. Raise the target to Rs 650 per share and expect city gas companies to overtake the hike in domestic gas prices in the second half of the fiscal.22

Also, this could lead to a potential increase of more than 21-27 per cent in the share price of our top companies GAIL, GSPL and GGL. The rise in gas prices and the rise in Brent crude oil prices (already at $67/bbl in March 2021, up 50% from Q3 FY21) was attributed to a 9-14% increase in the CAGR of ONGC and ILO as compared to FY21 23E. should contribute.

A fall in LNG spot price, a significant increase in demand and a sharp increase in gas supply in the domestic market should boost revenue growth and valuations of gas companies.

We expect India’s natural gas demand to grow at a CAGR of 9% in FY 201152 as a result of domestic gas production and better communication, leading to a 16-18% growth in revenue from 21-18% FY21-18% There has been a potential 23- 31% share price uptrend for our best IGL and GALE picks.

Despite our positive gas price outlook, we are encouraged by IGL’s retail strategy and historical trends. Of course, Gujarat Gas Limited Jefferies still prefers the best multi-year growth history and a long-term perspective on growth opportunities.

As per AI Pickup, the share price forecast for Indraprastha Gas Limited for December 2030 is 355.80608430526. As per Indraprastha Gas Limited’s point of view, shares of Indraprastha Gas Limited (NSE IGL) may not be a good investment option.

Credit Suisse has updated its Indraprastha Gas Ltd (IGL) index to cross neutral, raising its price target to Rs 640 from Rs 550. Indraprastha Gas Limited (IGL) stock rose 6% to hit a daily high of Rs 544.85 on BSE. The brokers he supported.

His upbeat stance on the announcement of shares following the March quarter earnings announcement. The brokerage house is required to purchase shares with a target price of Rs 650 per share.

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