7/1/2025, 10:12:02 am

Citi maintains bullish outlook on Indraprastha Gas

Indraprastha Gas Ltd (IGL) shares are expected to rise after Bharat Petroleum Corporation Ltd (BPCL) approved the listing of Maharashtra Natural Gas (MNGL), a joint venture, through an IPO worth over Rs 1,000 crore. Citi Research reiterated its "buy" call on IGL shares with a price target of Rs 450, expecting a 6% upside.