Indraprastha Gas tests investor patience after 33.38 percent stock fall

Market pulse

From the investor's mind

As Hitachi and Siemens control approximately 70% to 75% of the high-voltage direct current and flexible AC transmission systems market, GE acquiring Trench could trigger a notable tailwind for Trench's largest competitor, Qpower [1]. The two competitors directly overlap in the coils, reactors, and instrument transformers segments [1]. Highlighting this industry dynamic, investor Ishmohit Arora points out that Qpower expects its business volumes with Hitachi and Siemens to increase as a result of this market shift [1]. This transition matters because it demonstrates how consolidation among major power component players can redistribute supplier volumes and benefit independent manufacturers [1].

Word in the street

Indraprastha Gas Limited

Investors across the broader market are actively discussing Indraprastha Gas Limited as its market performance continues to test investor patience. The company, which currently commands a market capitalization of about 18,599 crore, has seen its stock price fall by 33.38 percent over the past year. This steep decline has triggered intense chatter on the street, with some market participants feeling vindicated about their earlier pessimistic forecasts. Specifically, investors are highlighting past predictions that profits for city gas distribution companies would decline in the fourth quarter, pointing out that Indraprastha Gas Limited has now indeed slipped into losses.

Yesterday's big moves

“Markets go up not because there is an abundance of buyers, but because there is a lack of sellers.”

Rakesh Jhunjhunwala