Stock Market

Buy Gujarat Gas, price target Rs 228: Chandan Taparia

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Chandan Taparia of Motilal Oswal Securities has a buy call on Gujarat Gas Ltd.

with a target price of Rs 228.0 .

The current price of Gujarat Gas Ltd.

is Rs 210.75 .

Chandan Taparia recommended to keep a stoploss at Rs 210 .

Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 14910.53 Crore) operating in Gas - Petroleum sector.

Gujarat Gas Ltd.

key Products/Revenue Segments include Gas Natural which contributed Rs 7927.55 Crore to Sales Value (99.56 % of Total Sales) and Other Operating Revenue which contributed Rs 34.93 Crore to Sales Value (0.43 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2512.91 Crore, down -3.89 % from last quarter Sales of Rs 2614.61 Crore and up 27.93 % from last year same quarter Sales of Rs 1964.34 Crore Company has reported net profit after tax of Rs 517.36 Crore in latest quarter.

The company’s top management includes Dr.J N Singh, Mr.Jal Patel, Mr.K D Chatterjee, Mr.Milind Torawane, Mr.Pankaj Joshi, Mr.Sanjeev Kumar, Prof.Piyush Kumar Sinha, Prof.Vishal Gupta.

Company has S R Goyal - Co.

as its auditoRs As on 30-09-2019, the company has a total of 688,390,125 shares outstanding.




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