GENERAL11 Sept 2026
IGL stock outlook by Motilal Oswal: Buy for 27% upside; check target price - 'Margins bottoming; volumes diversifying' | Stock Market News
Indraprastha Gas shares have fallen about 20% in 2026, hit by costly imported gas, a weaker rupee and Delhi's electric vehicle (EV) policy worries. Motilal Oswal still rates the stock a 'Buy' with a ₹195 target, saying the fall makes valuations attractive. It expects limited near-term earnings impact, but the EV plan is a long-term risk for compressed natural gas volumes.
Key Statutory Highlights
- IGL shares fell nearly 20% in 2026 due to volatile crude oil prices, high gas input costs and rupee depreciation.
- Motilal Oswal kept a 'Buy' rating on IGL with a target price of ₹195 per share.
- The brokerage said Delhi's EV policy is a long-term risk, while the near-term earnings impact on the company could be limited.
Actionable Advice for Taxpayers / Founders:Treat this as one brokerage's view only, not a guarantee. Check your own goals and risk comfort, and speak to a certified financial adviser before buying or selling IGL.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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