Indraprastha Gas’s stock nosedives as Kejriwal eyes EV shift for Delhi
Major CNG player Indraprastha Gas’s stock has corrected by over 15% in the last two days after the Delhi government approved the electric vehicle policy for cab aggregators and delivery services- the biggest consmers of CNG.
The stock has taken a tumble on fears that the Delhi government’s EV policy could lead to a sharp decline in demand for compressed natural gas or CNG.
