Gujarat State Petronet share price: Add Gujarat State Petronet, target price Rs 360: HDFC Securities

HDFC Securities has add call on Gujarat State Petronet with a target price of Rs 360. The current market price of Gujarat State Petronet is Rs 313.4.

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

Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 17668.28 Crore) operating in Gas & Petroleum sector.

Gujarat State Petronet Ltd. key Products/Revenue Segments include Income From Transportation Services, Electricity, Compressed Natural Gas (CNG) 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 3449.24 Crore, down -9.01 % from last quarter Total Income of Rs 3790.79 Crore and up 126.36 % from last year same quarter Total Income of Rs 1523.76 Crore. Company reported net profit after tax of Rs 706.93 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 37.6 per cent stake in the company as of March 31, 2021, while FIIs held 17.2 per cent, DIIs 30 per cent and public and others 15.2 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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