Motilal Oswal keeps Buy on IGL, sees 27% upside
In short
Motilal Oswal kept a Buy rating on IGL after the stock fell nearly 20% in 2026. The note said the drop was driven by crude and gas costs, currency issues, and risks from Delhi’s EV policy.
This matters for investors because the brokerage still sees the stock as cheap and expects about 27% upside. The report does not give the target price.
What the reporting says
Motilal Oswal maintained a Buy view on IGL after the stock declined nearly 20% in 2026, according to the publisher summary. The note cites pressure from crude oil and gas costs, currency issues, and Delhi EV policy risks, while saying the valuation looks attractive and implying 27% upside. The target price is not stated in the available reporting, and the exact investment horizon is unknown.
Why it matters
Motilal Oswal maintained a Buy recommendation on IGL after the stock fell nearly 20% in 2026, citing pressure from crude and gas costs, currency issues and Delhi EV policy risks. The brokerage still sees the valuation as attractive and expects 27% upside. The source does not state the target price or explain whether the risks are temporary.