Analyst: Indraprastha Gas may benefit from some favorable factors.

Analysts at HDFC Securities have stated in a research report that Indraprastha Gas may benefit from certain favorable factors. These analysts believe that the profit margins of this Indian company are expected to remain strong due to an increase in natural gas allocations from high-pressure and high-temperature gas fields to India's priority industries. The strong new geographic business mix of this natural gas distributor should ensure visibility in sales growth. With support from lowered transmission fees and reduced natural gas taxes procured from the state of Gujarat, the company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is expected to reach 7 Indian Rupees per million standard cubic meters per day by the end of the 2026 fiscal year. The brokerage has raised the stock's target price from 249.00 Indian Rupees to 255.00 Indian Rupees, while maintaining a buy rating. The stock rose by 1.9% to 169.70 Indian Rupees.