Gujarat Gas, IGL, MGL: What Jefferies recommends on Indian oil & gas stocks1 min read . Updated: 25 Aug 2022, 09:35 PM IST
- Jefferies values IGL shares for a target price of ₹450 with Buy tag
The recent hike in domestic gas allocation for CNG has created room for Indraprastha Gas (IGL)/ Mahanagar Gas (MGL) to defend their respective Ebitda per scm till US$ 70/60 per mmbtu Spot price (assuming APM price is capped at current level), as per global brokerage Jefferies.
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