FUNDAMENTAL ANALYSIS SCRIPT 1

Indraprastha Gas Ltd
TARGET - 550

Opportunity to make 50% Return

Stock Crash more then 45% in last 2 months.
Currently Stock is trading at corona level.

Current PE Ratio - 14.2
Last 10 Year Average PE Ratio - 24
PE Ratio at corona crash - 22
Currently Stock is trading at Lowest valuation.

Leading player in City Gas Distribution
Company is almost debt free.
Company has delivered good profit growth of 18.4% CAGR over last 5 years

Company is also venturing into the electric vehicle charging segment and is planning to commission 50 stations during FY 2023-24 for battery swapping mode.

HTF monthly as well as weekly TF seems bearish or breakdown. so kindly wait for atleast D TF bullish shift then accumulate.....
Technical IndicatorsTrend Analysis

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