The global investment bank expects policy-related developments to be positive for the Indian gas sector. Local developments have the potential to reverse 3-5 years of underperformance, said the note. It maintains IGL as the preferred overall gas pick with a target of Rs 490. It is positive on MGL with a target of Rs 1040, and Gujarat Gas with a target of Rs 580.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.
May 25, 2026