Indraprastha Gas Ltd.

NSE: IGL · Oil Gas & Consumable Fuels

₹143.44

as of 28 Sep 2026

AI verdict · 28 Sep 2026

Bearish 62% confidence

Margin compression despite volume growth signals pricing power loss; strategic catalysts lack detail and timelines; dividend…

Strongest bull point

Record gas sales volumes (9.39 MSCMD), network expansion (1,024 CNG stations, 3.7L PNG connections), and oversold technicals (RSI 36.48, price at 52-week low with weak volume) suggest operational momentum and potential capitulation exhaustion.

Strongest bear point

Net profit fell 7% despite 8% revenue growth; EBITDA margin compressed 200 bps to 11%, revealing inability to pass costs to customers; stock underperformed NIFTY by 24 percentage points, indicating market priced structural weakness.

Technical Forecast · next 10 trading days

Expected

₹147.48 +2.8%

Range

₹146.99 – ₹147.76

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Every call on IGL, misses included

Bearish 28 Sep 2026 → now Scores 28 Oct 2026

₹143.44 → ₹143.44 0.0%

Our accuracy

Every verdict and forecast here is dated and scored when it matures — right or wrong. The first scored results publish a month after launch.

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