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Umang Bhutada

8th Oct · SEBI-Registered Analyst

IGL | TECHNO - FUNDA ANALYSIS

Indraprastha Gas Ltd – 1W

IGL
Trend: The stock is forming a higher-low structure with a rising trendline, showing accumulation and strength. A breakout above key resistance could trigger a strong upward move. Support & Resistance Levels: Support: ₹200.35 Resistance 1: ₹230.54 Resistance 2: ₹257.85 Resistance 3: ₹284.65 Fundamentals (Key Points): 🔋 Leading city gas distribution company with a dominant presence in the NCR region. 📈 Steady revenue and profit growth supported by rising urban gas demand. 🌱 Strong focus on CNG and PNG expansion with government push for clean energy. 💰 Healthy balance sheet with robust cash flows and minimal debt. 🏙️ Continuous network expansion and strategic tie-ups enhancing future growth visibility. Final Verdict: Bullish structure forming with higher lows — a breakout above ₹230.50 could open room for a strong rally, supported by stable fundamentals and growing gas demand.

#TechnicalViews#FundamentalViews#WatchOutFor
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