IGL: CO APPROVED BONUS IN RATIO OF 1:1

 10 Dec 2024 01:25 PM

IGL: CO APPROVED BONUS IN RATIO OF 1:1

CNG gets expensive for Mumbai and other cities after price hike; poll-bound Delhi sparred

 25 Nov 2024 01:02 PM

Ahead of the upcoming elections in Delhi, CNG prices in Mumbai and several other cities across the country have been increased by Rs 2 per kg, according to city gas companies. Indraprastha Gas Ltd, which supplies CNG to vehicles and natural gas to households for cooking in Delhi and nearby areas, raised the price of CNG by Rs 2 per kg over the weekend.

CNG gets expensive for Mumbai and other cities after price hike; poll-bound Delhi spared

 25 Nov 2024 01:02 PM

Ahead of the upcoming elections in Delhi, CNG prices in Mumbai and several other cities across the country have been increased by Rs 2 per kg, according to city gas companies. Indraprastha Gas Ltd, which supplies CNG to vehicles and natural gas to households for cooking in Delhi and nearby areas, raised the price of CNG by Rs 2 per kg over the weekend.

City gas cos' stocks in the red as govt cuts APM quotas

 19 Nov 2024 06:20 AM

IGL plunged 19.8% to ₹325, its lowest closing since March 2020. MGL tumbled 13.8% to ₹1,130.55, the lowest closing since June 2023. Gujarat Gas, which already derives most of its supplies at market rate, fell 6.8% to ₹452.5 on Monday.

Breakdown Stocks: How to trade IGL, Honasa Consumer & Nestle India that hit a 52-week low?

 18 Nov 2024 05:42 PM

Indian markets opened lower on Monday, with the Sensex falling over 200 points and the Nifty closing below 23,500. Auto, realty, and metal stocks gained, while healthcare, utilities, energy, oil & gas, and IT stocks declined. IGL, Honasa Consumer, and Nestle India were among the stocks that hit 52-week lows.

Gainers & Losers: ACME Solar, IGL among 6 stocks in limelight on Monday

 18 Nov 2024 04:06 PM

Indian benchmarks fell as IT stocks dropped; Garware, ACME Solar, Godrej Industries surged, while Honasa Consumer, IGL, MGL declined.

Gujarat Gas, MGL best positioned amid city gas sector's uncertainty: Probal Sen

 18 Nov 2024 02:27 PM

The differential with alternate fuels like petrol and diesel is the highest in Mumbai and probably the lowest in IGL's case, because in Delhi the tax structure is slightly different for even petrol and diesel compared to Bombay.

CGD firms MGL, IGL shares nosedive 18% on APM gas allocation cuts

 18 Nov 2024 11:20 AM

IGL Share Price: Shares of Mahanagar Gas and Indraprastha Gas dropped by up to 18% after the government reduced the APM allocation by 20% for the second consecutive month. In response, Nirmal Bang downgraded both stocks to a 'Sell' rating, cutting target prices for MGL by 35% and IGL by 31% due to revised EBITDA estimates, concerns over slower growth & narrower margins.

IGL, MGL shares nosedive 18% on APM gas allocation cuts for CGD firms

 18 Nov 2024 11:20 AM

IGL Share Price: Shares of Mahanagar Gas and Indraprastha Gas dropped by up to 18% after the government reduced the APM allocation by 20% for the second consecutive month. In response, Nirmal Bang downgraded both stocks to a 'Sell' rating, cutting target prices for MGL by 35% and IGL by 31% due to revised EBITDA estimates, concerns over slower growth & narrower margins.

CNG retailers want price hike, govt wants to see cost

 17 Nov 2024 11:57 AM

City gas companies in India, including IGL and Adani Total Gas, are considering raising CNG prices due to reduced supplies of cheaper natural gas. Government officials argue that these companies have substantial profit margins and should absorb the increased costs instead of passing them on to consumers.