Prabhudas Lilladher Recommends Buying Indraprastha Gas (IGL) with a Target Price of Rs 535
Prabhudas Lilladher has issued a “buy” call on Indraprastha Gas (IGL) with a target price of Rs 535. The current market price of Indraprastha Gas (IGL) is Rs 465.15.
Indraprastha Gas (IGL) Ltd., a company in the Gas & Petroleum sector, is classified as a Large Cap company with a market capitalization of Rs 32,431.04 Crore. The key revenue segment for Indraprastha Gas (IGL) is Gas Natural. For the quarter ending on June 30, 2023, the company reported a consolidated total income of Rs 3807.51 Crore, which is a 18.08% increase compared to the same quarter last year and a 1.46% increase compared to the previous quarter. In the latest quarter, the company reported a net profit after tax of Rs 438.40 Crore.
As of June 30, 2023, the promoters of Indraprastha Gas (IGL) held a 45.0% stake in the company, while foreign institutional investors (FIIs) owned 21.94%, and domestic institutional investors (DIIs) held 20.17%.
Investors considering Indraprastha Gas (IGL) may find Prabhudas Lilladher’s “buy” recommendation and target price of Rs 535 to be valuable information for their investment decisions in the company.
