Indraprastha Gas - Multibagger 1yr Timeframe Trgt - 360 Rs

Indraprastha Gas - Multibagger 1yr Timeframe Trgt - 360 Rs

• Incorporated in 1998, IGL took over Delhi City Gas Distribution Project in 1999 from GAIL (India) Limited.
• The transport sector uses natural gas as Compressed Natural Gas (CNG), the domestic and commercial sectors use it as Piped Natural Gas (PNG) and R-LNG is being supplied to industrial establishments.
• IGL continues to augment its infrastructure so as to meet the increasing demand of CNG arising out of growing number of CNG vehicles in Delhi.
• The growth drivers for increase in demand of CNG are - car manufacturers coming up with CNG variants and Delhi Government’s directive making it mandatory for all LCVs operating in Delhi to run on CNG. The company is in the process of enhancing its compression capacity by adding new stations.
• On the PNG front, IGL has planned to expand its business activities in Delhi and its neighbouring towns like Noida, Greater Noida and Ghaziabad. 
• Industrial and commercial segments would be the focus areas for the organization in the future.
• With a Strong 20% increase in EPS yoy the Fairvalue stants at 300 Rs, Currently the stock is traiding at Rs 285.
• We expect the company to deliver 20% growth in comming year as well Gving Fairvalue at Rs 360. 
• One can Invest in this task with 1 yr time frame and Trg of 360 Rs.