BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
The newspaper article suggests aggressive timelines for aggregators for transitioning to electric vehicles. In our earlier note, we had highlighted how the onslaught of EVs in China resulted in a decline of 3-11% compound annual growth rate in compressed natural gas and liquefied natural gas sales over the past five years for two prominent Chinese city gas distribution companies.
Aggregators account for 30-40% of total CNG sales for IGL. In the near term, while the earnings per share may not be impacted, concerns remain on the ask rate of 6% terminal growth implied by the current market price. We reiterate our negative stand on IGL
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