Multi Baggers
IGL
BSE ID : 532514 NSE ID : IGL
RECOMMENDED PRICE 114.00
PEAK FROM RECO 604.00 429.82%
CURRENT PRICE 461.60 Resource id #18
The stock is a play on the natural gas distribution. The company is expected to post an EPS of Rs 10. The stock can shoot up if there are specific triggers like change in FII limit.
Jagdish Malkani, NSE Member suggests buying Indraprastha Gas at current levels. Indrparstha Gas is a joint venture of GAIL (India), Bharat Petroleum Corporation and the Government of the National Capital Territory of Delhi. GAIL owns 22% in the company, BPCL holds 22% and FIIs hold 24%. The domestic mutual funds hold around 7-8% of the stock and less than 10% is available to the public. The stock is a play on the natural gas distribution. The only risk is the pricing of the gas.
The company is expected to post an EPS of Rs 10. The stock has not performed that well and currently, it is available at around Rs 114. At any point of time, if there are some specific triggers like change of FII limit, the stock can shoot up.
3200
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