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Image Credit: Bloomberg Quint

'Buy' Indraprastha Gas Maintains HDFC Securities, Says Delhi EV Policy Not A Big Threat

  • HDFC Securities remains positive on Indraprastha Gas Ltd (IGL) and maintains a 'Buy' rating with a target price of Rs 264 per share.
  • The Delhi government plans to introduce Electric Vehicle Policy 2.0 to increase the adoption of electric vehicles across various sectors. However, the impact on IGL's earnings is expected to be minimal even if the policy is implemented strictly.

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