Buy Gujarat Gas, target price Rs 700: JM Financial
Gujarat Gas with a target price of Rs 700. The current market price of Gujarat Gas Ltd. is Rs 644.8.
Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 44266.93 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-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 4165.26 Crore, up 5.39 % from last quarter Total Income of Rs 3952.12 Crore and up 5.17 % from last year same quarter Total Income of Rs 3960.36 Crore. Company reported net profit after tax of Rs 409.54 Crore in latest quarter.
Promoter/FII Holdings Promoters held 60.89 per cent stake in the company as of 31-Mar-2024, while FIIs owned 3.71 per cent, DIIs 15.04 per cent.
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