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May sees record Rs 19,860 crore FPI inflow, highest in 2025: NSDL

OPEC+ announces sharp increase in July oil production

FM Nirmala Sitharaman counters social media claims of GST registration corruption and delay

Industry bodies hail cut on crude oil customs duty, call it timely support for refiners

Donald Trump’s steel, aluminum tariff hike to hit Indian exporters: GTRI report

China manufacturing shrinks in May despite trade war truce

Indian bond market strengthens as inflation eases and anticipated RBI rate cuts: Jefferies

Metropolitan bank branches lose ground in credit, falls to 58.7% from 63.5% in five years: RBI

IndiGo to launch direct Mumbai-Adampur flights from July 2

Donald Trump sees ‘unlimited’ potential for ‘large-scale trade’ with Russia when ‘bloodbath is over’

Saturday, May 31, 2025
Business

CGD firms MGL, IGL shares nosedive 18% on APM gas allocation cuts

November 18, 2024
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IGL Share Price: Shares of Mahanagar Gas and Indraprastha Gas dropped by up to 18% after the government reduced the APM allocation by 20% for the second consecutive month. In response, Nirmal Bang downgraded both stocks to a ‘Sell’ rating, cutting target prices for MGL by 35% and IGL by 31% due to revised EBITDA estimates, concerns over slower growth & narrower margins.

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EXCLUSIVE | ‘Mohammad Rizwan is following in MS Dhoni’s footsteps’

Recent Posts

  • May sees record Rs 19,860 crore FPI inflow, highest in 2025: NSDL
  • OPEC+ announces sharp increase in July oil production
  • FM Nirmala Sitharaman counters social media claims of GST registration corruption and delay
  • Industry bodies hail cut on crude oil customs duty, call it timely support for refiners
  • Donald Trump’s steel, aluminum tariff hike to hit Indian exporters: GTRI report

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