India's Indraprastha Gas gains; Jefferies sees 'favourable risk-reward'

Indraprastha Gas

20/02/2025 08:30

** Shares of Indraprastha Gas  IGAS.NS  rise 4.7% to 203
rupees
    ** Analysts at Jefferies say stock's risk-reward is
"favourable;" maintains "buy" rating and PT of 252 rupees
    ** Expect near-term price hike, which should restore
confidence in margin outlook, supported by steady volume growth
and controlled feedstock costs, the analysts say
    ** Weakening Indian rupee will hurt Q4, but lower feedstock
cost will compensate, they add
    ** Expect 9% EPS growth over FY25-27- Jefferies
    ** Analysts' avg rating on stock "hold", same as rival
Hindustan Petroleum Corp Ltd  HPCL.NS , while Mahanagar Gas
 MGAS.NS  rated "buy" on avg - LSEG data
    ** Stock gained ~10% so far this week

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))