Buy Gujarat Gas, target price Rs 755: ICICI Securities
Gujarat Gas with a target price of Rs 755. The current market price of Gujarat Gas Ltd. is Rs 671.
Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 46810.53 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 30-06-2024, the company reported a Consolidated Total Income of Rs 4488.85 Crore, up 7.77 % from last quarter Total Income of Rs 4165.26 Crore and up 17.96 % from last year same quarter Total Income of Rs 3805.36 Crore. Company reported net profit after tax of Rs 329.78 Crore in latest quarter.
Promoter/FII Holdings Promoters held 60.89 per cent stake in the company as of 30-Jun-2024, while FIIs owned 4.31 per cent, DIIs 14.75 per cent.
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