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Indraprastha Gas Ltd., India’s largest city gas distributor by revenue, is heading for its worst day in more than three years after Jefferies and Morgan Stanley downgraded the stock following a new electric vehicle policy in the national capital.
India Business News: Shares of Indraprastha Gas Ltd, India's largest city gas distributor, fell after Jefferies and Morgan Stanley downgraded the stock due to concerns ove
Jefferies advised caution, with valuations for chemical companies trending above their historical averages. The broker believes that India's chemicals sector is a Goliath in the making