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tally
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27 Aug 2008 18:29
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27 Aug 2008 18:00
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Indraprastha Gas the sole disributer of CNG & PNG in NCR Delhi has done a good job for past many years. It has excellent financials and its boottom line has increased consistently by more than 25% a year. With the increase in diesel and petrol price, many vehicles are converting to CNG DUE TO SAVING OF ALMOST 70-75%. There are serpentine queues at any IGL distribution station and the management is taking steps to increase the supply to meet ever increasing demand. CNG is also becoming popular due to pollution concerns. Approximately 5000 vehicles are converting to CNG in NCR Delhi per month. EPS for the year 07-08 was Rs 12.5 and likely to increase to Rs 16-17 during the year 08-09. I consider IGL a strong investment buy with a target price of Rs 190-200 withen next six to nine months....
25 Aug 2008 16:30
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There are serpentine queues at any IGL station at any time of the day. As per latest TOI report, some 5000 vehicles per month are converting to CNG. This massive influx of new conversions which commenced in may this year is likely to result in a growth of top line of some 25% and bottom line should allso grow at similar rate. The stock dividend yield remains good. I t remains a good buy at CMP for a long term investor....
21 Aug 2008 17:43
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17 Aug 2008 19:36
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17 Aug 2008 18:15
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17 Aug 2008 18:10
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Pay commission recommendation are not just a drain on the Govt finances but can also provide tremendous boost to the economy by enhancing demand for various consumer products, housing and education. Govt servant will put this money to only productive use or save. The money spells good for our economy even if there is little increase in deficit financing or inflation....
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