Igl Share Price In this section, we will try to predict two expected target levels for IGL Ltd. for 2023. In this section, we will try to predict two target price levels for IGL Ltd. until the end of this decade, that is, a year. 2030. The first target price for shares of IGL ltd. is about Rs 657.70 and a second target price for the same share is about Rs 811.90 at the end of 2022.
Igl Share Price
IGL’s daily price action analysis based on short to medium-term time frames is positive, but buyers have stepped up on the stock recently. Indraprastha Gas ((IGL)) price action analysis based on short to medium term time frames is negative, but the trend is very volatile. Indicator name Value of ADX Signal 12, 28, 39 Sell MACD -3, -1 Sell Stochastic 24 Sell CCI -261 Sell RSI 47 Sell OBV 2503569 Sell VWAP 497 Sell 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 days) IGL is bearish in relation to the short moving average.
Bearish Moving Average (50 days) IGL is bearish in relation to the moving average. Long Bearish Moving Average (100 days) IGL is bearish on the long moving average. Current IGL support is at 475.05 and resistance is at 481.6 on a 15 minute basis.
Igl Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
We reiterate our BUY recommendation for IGL with an OW sentiment and a target price of Rs 635 at Rs. 635 on a DCF basis (unchanged). Sharekhan is optimistic about Indraprastha Gas, recommending buying the company with a target price of Rs 650 in his research report dated December 7, 2021.
IGL shares fell 13% in the previous 15 days as concerns over economic margins reignited 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 to Rs 660 from Rs 580, implying 27% upside potential. The brokerage firm added that MGL’s recent inefficiency, Gujarat Gas, is a good starting point.
Jefferies expects domestic gas prices to rise 60% in October to $ 3.2 per million Btu, at $ 2 per million BTU, and rise to $ 5.4 next year. We believe such concerns have arisen because the cost of driving a CNG car will be about half that of a gasoline-powered car, even if domestic gas prices double; as a result, we remain optimistic about the stable stable IGL margin of> Rs. We expect that in the future, due to higher LNG prices, the gross margin will decline from current high levels.
Based on the improvement in Q2 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 our earnings per share for fiscal 22 by 29%. In fiscal 23, IGL trades at a PER of 23.4x and GAIL at a PER of 7.7x.
This turned out to be better than expected (methane volumes are currently 8% higher than their pre-Covid peak) and EBITDA / SCM was higher than expected (INR 8) due to a 1.8 INR / kg increase in methane prices in during the quarter. … Net income is projected to rise 15% next year, compared with India’s gas sector growth forecast of 16%. For the quarter ended 06/30/2021, the company reported a total consolidated income of Rs 1,410.32 crore, down 18.87% from last quarter’s total revenue of Rs 1,738.30 crore and up 110.75% compared to the same quarter last year. …
The company reported a net income after tax of Rs 244.29 crore in the most recent quarter. As of June 30, 2021, the founders owned 45% of the company’s capital, while FII held 23.9%, DII had 14.8%, and the public and others had 16.3%. As of September 30, 2021, the founder owned 45.0% of the company’s shares, FII – 21.88%, and DII – 16.06%.
In the 2015-16 fiscal year, the company acquired 25 transparent shares of Maharashtra Natural Gas Limited (MNGL) in the second and final payment at 38 rupees per share, bringing its total shares to 50 million rupees, accounting for 50 %. The paid-in authorized capital of MNGL. In the 2014-15 fiscal year, Maharashtra Natural Gas Limited (MNGL) became an associate after acquiring 475 crore MNGL shares from certain MNGL financial investor shareholders at a price of 38 rupees per share in the first phase. IGL was established in 1998 and took over the Delhi natural gas distribution project from GAIL (India) Limited (formerly known as the Indian Gas Authority Limited) in 1999.
IGL Ltd. distributes natural gas to households and vehicles due to increased pollution annually, other cities in India will also have to initiate these steps. The company has entered into various Memoranda of Understanding (MoUs) with various parties regarding the establishment of LNG / LNG plants, the conversion of diesel generator sets to gas generator sets and the supply of charging systems for electric vehicles in CNG plants. The company has reached a new milestone with the creation of its 500th CNG filling station in the 2018-19 fiscal year.
The company reported strong second-quarter results with improved earnings and revenues, although margins were lower. The second share price that a share of this company can reach at the end of 2025 is around Rs 2,203.70. Raise the target to Rs 650 per share and expect the city’s gas companies to outpace most of the soaring domestic gas prices in the second half of the fiscal year.22
In addition, this should lead to a potential increase in the share price of more than 21-27% for 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) should contribute to the ONGC and ILO’s CAGR for 9-14% compared to FY21 23E.
A decline in the LNG spot price, a significant increase in demand and a sharp increase in gas supply on the domestic market should stimulate revenue growth and valuation of gas companies.
We expect that domestic gas production and improved communications have resulted in a CAGR of 9% in India’s natural gas demand over FY2152, leading to a 21-18% FY 21-18% increase in revenues by 16-18% and the potential 23-31% share price upside 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 Ltd. Jefferies still prefers a long-term perspective over the best multi-year growth history and growth opportunity.
According to AI Pickup, Indraprastha Gas Limited share price forecast for December 2030 is 355.80608430526. Indraprastha Gas Limited (NSE IGL) shares may not be a good investment choice, according to the outlook for Indraprastha Gas Limited.
Credit Suisse has updated its Indraprastha Gas Ltd (IGL) Index to surpass it from neutral, raising its price target to 640 from Rs 550. Indraprastha Gas Limited (IGL) share rose 6% to reach a daily high of Rs 544.85 on the BSE as the brokers they supported.
their upbeat stance on the announcement of the shares following the announcement of quarterly earnings for March. The brokerage house requires the purchase of shares with a target price of Rs 650 per share.
- Gabriel India Share Price Target forecast 2022 , 2023 , 2024 , 2025 & 2030
- Escort Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
- Dabur India Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
- Ambuja Cement Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
- EaseMyTrip share price target 2022, 2023, 2025 , 2030
- Rategain Share Price Target 2022, 2023 , 2024 , 2025
- Maruti Share Price Target 2022 , 2023, 2024 , 2025 , 2030
- Hindustan Unilever Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
- Asian Paints Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
- Latent View Analytics Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
- Tata Power Share Price Target 2022 , 2023 , 2024 , 2025 , 2030
- RCOM Share Price Target 2022, 2023, 2025, 2030
- 3I Infotech Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
- Dmart Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
- Reliance Share Price Target 2022, 2023, 2025, 2030
- Paytm Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
- ICICI Bank Share Price Target 2022 , 2023 , 2025 , 2030
- Tata Motors Share Price Target 2022 , 2023 , 2024 , 2025 , 2030
- Adani Enterprises Share Price Target 2022 , 2023 , 2024 & 2025
- Bitcoin Price Prediction 2021, 2022, 2023, 2024 And 2025
- Hal Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
- Greenpanel Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
- Subex Share Price Target 2022, 2023, 2024, 2025, 2030 – Multibagger Stocks!
- Zomato Share Price Target 2022 , 2023 , 2024 , 2025 & 2030