UBS Reaffirms Their Buy Rating on Indraprastha Gas Limited (IGL)
In a report released yesterday, Rwibhu Aon from UBS maintained a Buy rating on Indraprastha Gas Limited (IGL – Research Report), with a price target of INR250.00. The company's shares closed yesterday at INR214.13.
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According to TipRanks, Aon is ranked #5398 out of 9622 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Indraprastha Gas Limited with a INR242.00 average price target.
Based on Indraprastha Gas Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR39.51 billion and a net profit of INR4.55 billion. In comparison, last year the company earned a revenue of INR35.97 billion and had a net profit of INR4.34 billion
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