PSU Stock to BUY: Get over 16% return on this city gas distribution share - Check target

PSU Stock To BUY, IGL Share Price Target: The stock, which has gained after four days of consecutive fall, gained further to touch the high of Rs 543.30. Last seen, it was trading at Rs 538.50 on the BSE.

PSU Stock To BUY, IGL Share Price Target: Brokerage firm Citi maintained its ‘Buy’ rating on Indraprastha Gas Limited (IGL). 

PSU Stock To BUY, IGL Share Price Target: The brokerage firm has given a target price of Rs 620 per share.

PSU Stock To BUY, IGL Share Price Target: The counter has given a positive return of 17 per cent in one year and 40 per cent in two years. On a YTD basis, the counter has gained around 28 per cent.

PSU Stock To BUY, IGL Share Price Target: The brokerage firm is optimistic about IGL's growth prospects, noting that the building blocks for volume growth revival are falling into place.

PSU Stock To BUY, IGL Share Price Target: Citi is of the view that the company will benefit from the vehicle scrapping policy and it is expected to benefit IGL.

PSU Stock To BUY, IGL Share Price Target: Additionally, the inter-state bus segment could see accelerated CNG conversions, which would further boost demand for IGL’s offerings.