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Indraprastha Gas Ltd stock nosedives on New EV policy
Credit: IndiaTimes- Published on October 20, 2023
Shares of Indraprastha Gas Ltd, India's largest city gas distributor, fell after Jefferies and Morgan Stanley downgraded the stock due to concerns over the new electric vehicle policy in Delhi. The policy could put a third of IGL's volumes at risk. Despite the downgrades, Citigroup believes there is still uncertainty over the...
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