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Reputation: 642,713  •  Oct 23, 2023 11:31 AM
Better to stay away from IGL and MGL, say analysts
Better to stay away from IGL and MGL, say analysts
With the proposed road map by the Delhi government mandating a phased shift of all cab aggregators and delivery vehicles, to electric by 2030 seen impacting Indraprastha Gas (IGL), analysts are expecting its shares to continue underperforming in the near term. The company derives over 70% of its revenues from compressed natural gas (CNG).
The Economic Times

https://economictimes.indiatimes.com/markets/stocks/news/...
#IGL #MGL

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NSE:MGL price when posted: 1,030.05