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VERIFIEDET Markets·positive
IGL shares jump 3% after CNG price hike in Delhi NCR. What lies ahead?
AI Summary
- ·IGL shares increased by 3% following a Rs 3.89 per kg hike in CNG prices in Delhi-NCR.
- ·The price increase is attributed to higher imported LNG costs and is the fifth such hike this year.
- ·Citi maintained a Buy rating on IGL, suggesting the price increase may enhance realisations and support margins.