By Debdeep Gupta | 17 Aug, 2026
Indraprastha Gas downgraded to 'Neutral' as Delhi EV policy adds to CNG volume, margin risks
Indraprastha Gas' (IGL) CNG volume growth and margins are facing increasing pressure, with Nomura flagging the impact of Delhi's EV policy and higher gas costs. In its latest note on Sunday, the brokerage downgraded IGL to 'Neutral' and cut its target price to Rs 155 from its earlier target, saying it is now the "least preferred pick among CGDs given volume and margin pressures".IGL's 1QFY27 EBITD...





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