[ad_1] Shares of city gas distribution (CGD) companies, Mahanagar Gas (MGL) and Indraprastha Gas (IGL), dropped by up to 2% in Friday’s intraday trading. Company Value Change %Change IGL shares were upgraded to ‘Add’ from ‘Reduce,’ with a 17% increase in the price target to ₹450, suggesting a 7% potential upside. MGL shares were also […]
IGL, MGL shares fall up to 10% after second straight month of gas allocation cut, downgrades – CNBC TV18
[ad_1] Shares of Indraprastha Gas Ltd. and Mahanagar Gas Ltd., the city gas distribution companies, were downgraded by analysts yet again after the government, over the weekend, cut its APM gas allocation to these companies by another 20%. This was the second straight month in a row that the gas allocation has been cut. The […]