According to CLSA, the changes are expected to reduce operating expenses (Opex) for Indraprastha Gas Ltd (IGL) and, to some extent, for Mahanagar Gas Ltd (MGL). However, GSPL is anticipated to be the biggest beneficiary of these amendments, as highlighted by the global brokerage firm.
Motilal Oswal see 4% downside for Bharat Dynamics, starts coverage with neutral call amid lofty valuations
Motilal Oswal has initiated coverage on Bharat Dynamics with a ‘neutral’ rating and a target price of Rs 1,900, citing stretched valuations. While upbeat on