Buy Gujarat Gas, target price Rs 825: HDFC Securities

HDFC Securities has buy call on with a target price of Rs 825. The current market price of Gujarat Gas Ltd. is Rs 632.35.

Time period given by analyst is one year when Gujarat Gas Ltd. price can reach defined target.

Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 43358.25 Crore) operating in Gas & Petroleum sector.



Gujarat Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2020.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3087.21 Crore, down -10.46 % from last quarter Total Income of Rs 3447.75 Crore and up 181.21 % from last year same quarter Total Income of Rs 1097.84 Crore. Company reported net profit after tax of Rs 476.18 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 60.9 per cent stake in the company as of June 30, 2021, while FIIs held 8.2 per cent, DIIs 7.9 per cent and public and others 23 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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