4 Articles
4 Articles
IGL shares jump 3% after CNG price hike in Delhi NCR. What lies ahead?
IGL shares witnessed an uptick on Monday after the company hiked CNG prices by Rs 3.89 per kg in Delhi-NCR, citing higher imported LNG costs. The increase marks the fifth price hike this year. Citi retained its Buy rating on IGL, saying the latest hike could improve realisations and support margins.
Hike in CNG prices in Delhi by ₹3.89 per kg
New Delhi Times CNG prices in Delhi and adjoining cities have increased by ₹3.89 per kg from 29 August, Indraprastha Gas Limited (IGL) announced The revised prices came into effect from 6 am on August 29. IGL attributed the increase to higher input costs, saying a significant share of the gas used for... New Delhi Times
IGL Shares Jump After Delhi CNG Price Hike
IGL shares jumped on Monday, touching a high of Rs 152.39 after the company hiked Delhi CNG prices by Rs 3.89 per kg over the weekend. The hike took effect from August 29. CNG in Delhi now costs Rs 86.98 per kg, up from Rs 83.09 per kg earlier. The... The post IGL Shares Jump After Delhi CNG Price Hike appeared first on Equitypandit.
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