DERIVATIVES FUTURE : BUY TODAY SELL TOMORROW IGL

• July 26, 2021
• By Ruhul AMIN Mondal
• 157 Views 262 comments

Indraprastha Gas Limited (IGL) is one of India’s leading natural gas distribution companies. IGL supplies natural gas as cooking and vehicular fuel. Established in 1998, the company operates primarily in the Indian state of Delhi. IGL was incorporated in 1998, to take over and operate the Delhi City Gas Distribution Project from GAIL for laying a network of gas distribution pipelines in Delhi. The company started as a joint venture between GAIL, Bharat Petroleum and the Govt of Delhi. IGL sources its gas via the HVJ Gas Pipeline owned by GAIL.
It has a ‘buy’ rating with a target of Rs 640 per share. The brokerage has an ‘overweight’ rating with a target of Rs 650 per share. IGL reported an earnings beat on better volume growth and cost control, Morgan Stanley said while it sees upside risks to earnings growth ahead.
IGL, which is a private entity, is promoted by state-run energy majors — Bharat Petroleum Corporation Ltd (BPCL) and Gail India Ltd with equal shareholding of 22.5% each. Balance equity in the company is held by banks, financial institutions and the public. Under the “Customer Zone” tab provided on right side of the website, click on “INSTA PAYMENT” (if you are not registered). Enter your BP Number& click “Get Details” to fetch details of amount payable.
How to Print/download IGL duplicate bill? Visit www.iglonline.net to log in and go to the ‘Customer Zone’ section. Find’ Insta Payment’ under PNG Domestic Customer dropbox. On the next page, you need to enter your BP Number and print/download an IGL duplicate copy.

Script Name –IGL( Indraprastha Gas Limited )

Buy Price –545

Profit Target-560

Stop Loss-541

Call Duration-CARRY FORWARD

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