India's Indraprastha Gas falls on lowering CNG price

Indraprastha Gas

07/03/2024 04:32

** Shares of Indraprastha Gas  IGAS.NS  fall as much as 4.4%
 before trimming its losses to trade 2% lower
    ** City gas distributor tweeted late on Wednesday it will
reduce retail consumer price of CNG by 2.5 rupees per kg across
all geographical areas of co, effective Thursday
    ** Revised selling price of CNG in Delhi at 74.09 rupees/kg,
and 78.70 rupees/kg in Noida, Greater Noida and Ghaziabad GA
    ** Stock set to fall for a fifth straight week
    ** Avg rating of the 29 analysts is "hold" and median PT is
470 rupees, ~11% higher than current price - LSEG data
    ** Stock rose 1.1% in 2023, after losing for two consecutive
years  




 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))