IGL Share Price Target Tomorrow 2024 To 2030- Prediction, Market Overview

Indraprastha Gas Limited (IGL) is a leading natural gas distribution company in India. Established in 1998, IGL primarily supplies natural gas to various sectors, including residential, commercial, and industrial users. The company plays a crucial role in promoting cleaner energy solutions, contributing to environmental sustainability.

IGL operates mainly in the National Capital Region (NCR), including Delhi and surrounding areas, providing piped natural gas (PNG) to homes and compressed natural gas (CNG) for vehicles. IGL Share Price on NSE as of 14 October 2024 is 517.20 INR. Here will provide you more details on IGL Share Price Target 2024, 2025, 2026 to 2030.

Indraprastha Gas Limited: Market Overview

• Open Price: ₹540.00
• High Price: ₹540.00
• Low Price: ₹511.50
• Previous Close: ₹540.55
• Volume: 2,818,538
• Value (Lacs): 14,600.03
• VWAP: ₹519.99
• UC Limit: ₹594.60
• LC Limit: ₹486.50
• P/E ratio: 18.62
• Div yield: 1.74%
• 52-wk high: ₹570.35
• 52-wk low: ₹375.70
• Mkt cap: ₹36.28KCr
• Face Value: ₹2

Indraprastha Gas Limited Competitors

Here are five competitors of Indraprastha Gas Limited with their approximate market capitalizations:

1. Gujarat Gas Limited
   Market Capital: ₹35,000 Crores
2. Mahanagar Gas Limited
   Market Capital: ₹11,500 Crores
3. Adani Total Gas Limited
   Market Capital: ₹1,30,000 Crores
4. Petronet LNG Limited
   Market Capital: ₹37,000 Crores

5. Reliance Industries Limited (Natural Gas Division)
   Market Capital: ₹16,00,000 Crores (overall)

IGL Share Price Chart

IGL Share Price Target Tomorrow 2024 To 2030

IGL Share Price Target 2024

IGL share price target 2024 Expected target could be ₹682. Here are three key factors affecting the growth of Indraprastha Gas Limited (IGL) and its share price target for 2024:

• Increasing Demand for Clean Energy: As more consumers and industries shift towards cleaner energy sources, the demand for natural gas is expected to rise. IGL’s focus on expanding its distribution network for both piped natural gas (PNG) and compressed natural gas (CNG) positions it well to capture this growing market, potentially boosting its share price.
• Infrastructure Expansion: IGL has plans to expand its infrastructure in Delhi and other regions. Investment in new pipelines, CNG stations, and customer connections will enhance its reach and service quality. Successful execution of these projects can lead to higher sales volumes and revenue, positively impacting the share price.

• Regulatory Environment: Government policies and regulations related to natural gas pricing and distribution significantly influence IGL’s operations. Supportive regulations that encourage the use of natural gas, along with favorable pricing mechanisms, can lead to improved profitability and growth, thereby positively affecting the share price target for 2024.

IGL Share Price Target 2025

IGL share price target 2025 Expected target could be ₹798. Here are three key factors affecting the growth of Indraprastha Gas Limited (IGL) and its share price target for 2025:

• Diversification of Services: IGL is expanding its services beyond traditional CNG and PNG. By introducing new products such as liquefied natural gas (LNG) and exploring renewable energy options, IGL can attract a broader customer base. This diversification can lead to increased revenue streams, contributing to the growth of its share price.
• Sustainability Initiatives: With a global emphasis on sustainability and reducing carbon footprints, IGL’s commitment to promoting cleaner energy solutions aligns with market trends. Initiatives focused on environmental sustainability can enhance the company’s reputation and attract investments, potentially leading to a higher share price.

• Economic Growth and Urbanization: As India continues to grow economically and urbanize, the demand for energy—especially clean energy—will increase. IGL’s strategic positioning in major urban centers allows it to capitalize on this growth. The expansion of urban areas and rising living standards can drive higher demand for natural gas, positively influencing the share price in 2025.

IGL Share Price Target 2030

IGL share price target 2030 Expected target could be ₹1565. Here are three risks and challenges that could impact the share price target of Indraprastha Gas Limited (IGL) in 2030:

• Regulatory Changes: The natural gas industry is subject to various regulations and policies set by the government. Any changes in these regulations, such as pricing controls, subsidies, or environmental laws, could affect IGL’s profitability. Stricter regulations may lead to increased operational costs, which could negatively impact the share price.
• Competition from Alternative Energy Sources: As the world shifts towards renewable energy sources, IGL may face increased competition from alternatives such as solar, wind, and electric vehicles. If consumers increasingly opt for these cleaner energy solutions, the demand for natural gas could decline, adversely affecting IGL’s market position and share price.

• Economic Fluctuations: Economic downturns or instability can lead to reduced industrial activity and lower energy consumption. If the Indian economy faces challenges, such as inflation or recession, the demand for IGL’s products may decrease. This economic volatility can result in lower revenues and may adversely impact the company’s share price in 2030.

Indraprastha Gas Limited Shareholding Pattern

• Promoter: 45%
• FII: 16.2%
• DII: 30.1%
• Public: 8.7

FOR MORE DETAIL FOLLOW THE OFFICIAL WEBSITE: http://www.iglonline.net/

Indraprastha Gas Limited Financials

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