India's Indraprastha Gas slips on quarterly profit drop

Indraprastha Gas

25/07/2024 10:08

** Shares of Indraprastha Gas  IGAS.NS  fall as much as
3.4%, last down 2.7% at 534.45 rupees 
    ** The gas distribution firm reported 8.4% y/y slip in
June-qtr profit as expenses grew 6.4% 
    ** Analysts' avg rating on stock is "Hold", median PT is
487.5 rupees - an 11% discount on the last close, per LSEG data 
    ** Including session's losses, stock up ~28% YTD 


 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))