Indraprastha Gas corrected from highs above 600 levels, may break out from a Triangle pattern with a close above 460-470 levels. Short-term traders can monitor for a move towards 500 levels.
Shares of City Gas Distribution (CGD) companies Indraprastha Gas (IGL) and Mahanagar Gas (MGL) tanked up to 11 percent on Friday following the Delhi government s approval of the electric vehicle (EV) policy for cab aggregators and delivery service providers.
After remaining under pressure for a long time, analysts are forecasting a comeback of Utilities and Gas stocks. IGL is back on the radar and so is GSPL. Is this because of the fact that analysts are expecting that markets are going to be volatile in coming months and shifting back their focus to companies where earning streams don t see sharp swings or the valuation readjustment is over.
Stocks that share market analysts recommended on July 19: Share market analysts at Religare Broking have buy calls on Bharat Electronics (BEL), Indraprastha Gas (IGL), and Granules India shares. Watch this Visual Story to see what they said about these counters; Check share price targets, investment rationale, technical analysis, and more.
At ₹3,687.2 crore, the company s revenue from operations registering a sharp increase of 53 per cent in the January-March quarter, compared to ₹3,711 crore in the year-ago period.