{"id":358188,"date":"2020-06-19T11:10:40","date_gmt":"2020-06-19T05:40:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=358188"},"modified":"2020-06-19T11:48:03","modified_gmt":"2020-06-19T06:18:03","slug":"neutral-on-igl-target-price-rs-485-motilal-oswal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/neutral-on-igl-target-price-rs-485-motilal-oswal\/","title":{"rendered":"Neutral on IGL, target price Rs 485: Motilal Oswal"},"content":{"rendered":"<p>Motilal Oswal has given a neutral rating to Indraprastha Gas Ltd with a target price of Rs 485. The share price moved down by -5.09 per cent from its previous close of Rs 474.15. The last traded stock price is Rs 450.<\/p>\n<p>IGL EBITDA was lower than brokerage estimate owing to a miss on volumes, which stood at ~6.2mmscmd (v\/s est. -9 per cent, -1 per cent year on year). EBITDA\/scm was at Rs 6.6 against brokerage estimate of Rs 7). However, it was up year on year at Rs 5.9 and quarter on quarter (Rs 6.4). The company has reported negative volume growth for the first time in the last five years. For FY20, the company reported single-digit volume growth of 9 per cent year on year to 6.44mmscmd (9MFY20 growth was ~13 per cent year on year), primarily led by the huge impact of the Covid-19 lockdown.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Motilal Oswal has given a neutral rating to Indraprastha Gas Ltd with a target price of Rs 485. The share price moved down by -5.09 per cent from its previous close of Rs 474.15. The last traded stock price is Rs 450. IGL EBITDA was lower than brokerage estimate owing to a miss on volumes, which stood at ~6.2mmscmd (v\/s est. -9 per cent, -1 per cent year on year). EBITDA\/scm was at Rs 6.6 against brokerage estimate of Rs 7). However, it was up year on year at Rs 5.9 and quarter on quarter (Rs 6.4). The company has [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-358188","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358188"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358188\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}