UBS upgraded Indraprastha Gas and Mahanagar Gas to 'buy' with target price increases, indicating potential gains of 32.32% and 32%.
UBS has upgraded Indraprastha Gas (IGL) to 'buy' from 'sell,' raising its target price to ₹700, indicating a 32.32% upside. Mahanagar Gas (MGL) also received a target price increase from ₹1,600 to ₹2,400, reflecting a 32% potential gain. The upgrades are based on strong growth fundamentals and opportunities for mergers. Both companies are expected to benefit from infrastructure development and increased demand for cleaner energy sources.
September 17, 2024
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