{"id":393742,"date":"2021-01-06T12:04:45","date_gmt":"2021-01-06T06:34:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=393742"},"modified":"2021-01-06T12:04:45","modified_gmt":"2021-01-06T06:34:45","slug":"analyst-corner-buy-on-indraprastha-gas-with-tp-of-rs-593","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/analyst-corner-buy-on-indraprastha-gas-with-tp-of-rs-593\/","title":{"rendered":"Analyst Corner: \u2018Buy\u2019 on Indraprastha Gas with TP of Rs 593"},"content":{"rendered":"<p>We met IGL\u2019s new Managing Director, Mr A K Jana, as part of our CGD CEO e-Series Conference. IGL\u2019s volumes are poised to accelerate structurally. The new MD believes recent open access regulation is favourable for CGD incumbents as well, which will sustain profitability. Highlights, volumes are poised to accelerate to a 10\u201315% CAGR over five years led by a doubling in domestic gas connections and \u2018enhanced economics\u2019 of CNG vehicles. IGL targets 2x CNG stations in five years. Recent open access regulation encourages new CGD buildout while restricting a pure change of hands. High barriers remain. IGL has the option to widen margins as CNG is about half the price of competing fuels. We are raising the TP by 4.9% to INR593; reiterate \u2018Buy\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We met IGL\u2019s new Managing Director, Mr A K Jana, as part of our CGD CEO e-Series Conference. IGL\u2019s volumes are poised to accelerate structurally. The new MD believes recent open access regulation is favourable for CGD incumbents as well, which will sustain profitability. Highlights, volumes are poised to accelerate to a 10\u201315% CAGR over five years led by a doubling in domestic gas connections and \u2018enhanced economics\u2019 of CNG vehicles. IGL targets 2x CNG stations in five years. Recent open access regulation encourages new CGD buildout while restricting a pure change of hands. High barriers remain. IGL has the [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-393742","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393742","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=393742"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393742\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=393742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=393742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=393742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}