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.