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MGL, IGL shares jump 6% each after UBS lifts target price, expects over 30% upside

UBS has upgraded the rating on IGL to 'buy' from the previous rating of 'sell' and also lifted its target price from ₹400 to ₹700. Similarly, it has increased the target price for Mahanagar Gas from ₹1,600 to ₹2,400 per share.

CNBC TV18

IGL gets an upgrade from UBS, MGL a target raise on strong volume prospects

UBS expects an improvement in IGL's volume growth trajectory, while for Mahanagar Gas, the firm expects both organic and inorganic volume growth to continue surpassing expectations.

Business Line

Now, IGL customers can pay their gas bills through CSC Centres

The partnership is a key element of IGL’s ongoing efforts to reach even the remotest corners of Haryana, Rajasthan, and Uttar Pradesh

The Economic Times

F&O stocks to buy today: L&T, IGL among top 9 trading ideas for July 3, 2024

The Indian market is expected to open higher on Wednesday, following positive global cues. On Tuesday, the Nifty futures closed marginally higher, gaining 0.02% to reach 24,210 levels. The India VIX decreased by 1.14% from 13.83 to 13.67 levels.

Business Line

Movers & Shakers: Stocks that will see action this week

Here is what the charts say about the shares of Apollo Hospitals Enterprise, Indraprastha Gas Ltd (IGL) and Reliance Industries

The Economic Times

IGL to diversify into solar rooftop, battery recycling

"With the exponential growth being witnessed in the electric vehicle market, demand for batteries has risen significantly. Many rare earth metals go into battery manufacturing, so IGL thinks recycling them could be a lucrative option, especially when not many companies are doing it," said another senior industry executive.