Indraprastha Gas (IGL) could gain 27% based on current trends and strong fundamentals, according to Anuj Gupta of IIFL Securities. IGL has returned over 28% over a 12-month period and outperformed the Nifty50 by 13%. The stock has been relatively less volatile and has traded with a one-year beta of 0.71. Anand Rathi maintains a ‘Buy’ rating on IGL for a price target of Rs 600, noting that it could benefit from lower gas prices following the approval of the Kirit Parikh Report recommendations. However, potential risks include slower volume growth and regulatory changes.
US dollar makes weekly gains on renewed trade deal optimism
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement.
May 10, 2025