1. Indraprastha gas is a joint venture supported by GAIL, BPCL and Govt of Delhi and is providing compressed Natural gas.
2. I am more bullish on this stock due to the valuation being given to Reliance gas distribution company getting a huge valuation jump just by getting the nod for distribution of gas which it would have had just got by filling forms worth a few thousand rupees.
3. Imaginre this company has the distribution pumps in and around Delhi and also has monopoly to produce and distribute CNG to auto sector for next 3 years.
4. So if you want a safe investment for your portfolio nothing can beat Indraprastha gas being a debt free company having 45 Crore in cash and 127 Crore rupees of investment in its books and it has the benefit of getting gas at subsidised rates from GAIL.
5. Buy this share with a medium to long term time frame.
2. I am more bullish on this stock due to the valuation being given to Reliance gas distribution company getting a huge valuation jump just by getting the nod for distribution of gas which it would have had just got by filling forms worth a few thousand rupees.
3. Imaginre this company has the distribution pumps in and around Delhi and also has monopoly to produce and distribute CNG to auto sector for next 3 years.
4. So if you want a safe investment for your portfolio nothing can beat Indraprastha gas being a debt free company having 45 Crore in cash and 127 Crore rupees of investment in its books and it has the benefit of getting gas at subsidised rates from GAIL.
5. Buy this share with a medium to long term time frame.
