Indraprastha Gas share price: Sharekhan maintains Buy rating with an unchanged price target of Rs 650
Indraprastha Gas share price: The recent 9% fall in Indraprastha Gas Limited’s stock price in the last one month provides an attractive entry opportunity to investors as long-term volume growth outlook remain intact (management guidance of 10-12% volume CAGR over FY2020-FY2024E), which has well appreciated by the street historically.
Sharekhan expects Indraprastha Gas PAT to grow at 25% CAGR over FY2021E-FY2023E along with high RoE of 22.4%: Reuters