Morgan Stanley on Gujarat Gas Under-Perform, Target Price Rs 466 Has passed peak challenges, but demand growth will struggle until global petrochemical demand recovers – which is key to making gas more competitive See a tough few qtrs ahead; long-term gas sourcing remains a challenge Prefer IGL

UBS on Gas Cos IGL- Buy TP Rs 630 MGL- Buy, TP Rs 1280 Guj Gas- Sell, TP Rs 400 Calculations suggest delivered gas cost for 2nd half of Q2 is 30% lower than 1st half of Q2 UBS on Gas Cos Est. gross margins for Sept are 25-40% higher than Q1FY23 levels, which could […]