{"id":611712,"date":"2023-10-21T12:12:11","date_gmt":"2023-10-21T06:42:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=611712"},"modified":"2023-10-21T12:55:35","modified_gmt":"2023-10-21T07:25:35","slug":"igl-stock-slips-on-delhis-ev-policy-jefferies-morgan-stanley-downgrade","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/igl-stock-slips-on-delhis-ev-policy-jefferies-morgan-stanley-downgrade\/","title":{"rendered":"IGL stock slips on Delhi&#8217;s EV policy, Jefferies, Morgan Stanley downgrade"},"content":{"rendered":"<p>Indraprastha Gas Ltd., India\u2019s largest city gas distributor by revenue, is heading for its worst day in more than three years after Jefferies and Morgan Stanley downgraded the stock following a new electric vehicle policy in the national capital. <\/p>\n<p>Delhi accounts for 88 per cent of IGL\u2019s overall volumes but the EV policy could put about a third of it at risk, Jefferies analysts Bhaskar Chakraborty and Niraj Todi wrote in a note. The brokerage downgraded the stock to hold from buy earlier, while slashing its price target by 18 per cent. Morgan Stanley also cut its recommendation to underweight.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indraprastha Gas Ltd., India\u2019s largest city gas distributor by revenue, is heading for its worst day in more than three years after Jefferies and Morgan Stanley downgraded the stock following a new electric vehicle policy in the national capital. Delhi accounts for 88 per cent of IGL\u2019s overall volumes but the EV policy could put about a third of it at risk, Jefferies analysts Bhaskar Chakraborty and Niraj Todi wrote in a note. The brokerage downgraded the stock to hold from buy earlier, while slashing its price target by 18 per cent. Morgan Stanley also cut its recommendation to underweight.<\/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":[135,130,232],"tags":[],"class_list":["post-611712","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/611712","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=611712"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/611712\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=611712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=611712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=611712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}