Nomura Upgrades Indraprastha Gas to Buy Rating with ₹230 Target Price
Nomura Securities has upgraded Indraprastha Gas to a 'Buy' rating and set a target price of ₹230 per share. This upgrade reflects Nomura's positive assessment of the gas distribution company's market position and business prospects. The new rating and target price suggest potential upside for the stock and could influence investor sentiment.

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Indraprastha Gas has received a positive rating upgrade from Nomura Securities, with the brokerage firm revising its recommendation to 'Buy' and setting a target price of ₹230 per share. This development represents a significant endorsement of the gas distribution company's investment potential.
Brokerage Recommendation Details
Nomura's upgrade reflects the firm's assessment of Indraprastha Gas Limited's market position and business prospects. The target price of ₹230 indicates the brokerage's expectation of the stock's fair value based on their analysis.
| Parameter | Details |
|---|---|
| Brokerage Firm | Nomura Securities |
| Rating | Buy |
| Target Price | ₹230 |
Market Implications
The upgrade to a 'Buy' rating suggests that Nomura analysts view the current market conditions and company fundamentals favorably for Indraprastha Gas. Such recommendations typically influence investor sentiment and can impact trading activity in the stock.
About the Company
Indraprastha Gas operates in the gas distribution sector, serving as a key player in the natural gas supply chain. The company's business model focuses on the distribution of compressed natural gas and piped natural gas to various customer segments.
This rating upgrade by Nomura adds to the analyst coverage of Indraprastha Gas and provides investors with additional perspective on the stock's potential performance. The ₹230 target price serves as a benchmark for evaluating the stock's current valuation relative to its perceived intrinsic value.
Historical Stock Returns for Indraprastha Gas
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.71% | +6.43% | -6.02% | -4.66% | -1.59% | -17.98% |















































