Stock pick of the week: Indraprastha Gas is on the road to recovery

Sales volumes of Indraprastha Gas (IGL), natural gas distributor in the National Capital Region (NCR) fell during the first quarter of 2020-21. However, IGL has started showing volume improvements in the second quarter. Its compressed natural gas (CNG) volumes crossed 80% of pre-Covid levels in July and have reached 85-90% levels in August. Despite the fact that a number of CNG buses are still off the road owing to the reduced public transport

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