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Deal▲ Bullish for Indraprastha Gas
IGL looking to acquire stakes in city gas distribution firms: Chairman
The brief
- IGL is looking to acquire stakes in city gas distribution firms
- The company plans solar power plants in Rajasthan and is pursuing meter manufacturing
- Expansion into gas distribution and renewables could affect IGL's growth and capital requirements
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| IGL | Fri, 25 Sept | −0.5% | −0.9% | 0.5× | −0.5% · Nifty +0.3% |
✗ Classifier read this as positive; IGL fell 0.9% against the Nifty on the day it traded.