Sumeet Bagadia of Choice Equity Broking has a buy call on Indraprastha Gas with a target price of Rs 298.The current market price of Indraprastha Gas is Rs 276.50.Time period given by analyst is two weeks when Indraprastha Gas price can reach defined target.
Sumeet Bagadia recommended keeping a stop loss at Rs 267."On daily chart, stock has given a breakout of its downward sloping trendline which indicates that stock may go up in coming trading sessions.
Besides, MACD indicator is trading above its average line with a positive crossover which points out to a positive breath in stock," said Bagadia.Indraprastha Gas, incorporated in year 1998, is a largecap company, having a market cap of Rs 19,449.52 crore.