New Delhi, Sept. 11 -- Indraprastha Gas Limited stock has declined nearly 20% in 2026 so far amid crude oil price volatility, elevated input gas costs. The depreciation in the Indian currency has further dragged IGL outlook as it has raised the cost of imported liquified natural gas (LNG) in rupee terms. Despite these near-term and structural concerns, Motilal Oswal believes the recent correction has made the stock's valuation attractive.

The stock also continues to remain under pressure amid growing investors' concern around Delhi's EV policy, which poses long-term risk to Indraprastha Gas's CNG volumes.

IGL stock has corrected nearly 10% in the last four months due to factors like crude oil price volatility, elevated input gas costs a...