Motilal Oswal predicts 14% upside for this city gas distributor

Motilal Oswal maintains ‘Buy’ rating on Indraprashta Gas with target price of Rs 250, implying 14% upside. EBITDA/scm could see 16-20% increase due to tax rate change. Operating margins to see moderate increase with potential EBITDA margin benefits of Rs 0.7-1.3/scm. Possible net profit gains of 8-15% if tax change materializes, aided by soft crude […]