Sell Gujarat Gas, target price Rs 365: ICICI Securities
Gujarat Gas with a target price of Rs 365. The current market price of Gujarat Gas Ltd. is Rs 587.9.
Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 40480.78 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 31-12-2023, the company reported a Consolidated Total Income of Rs 4107.28 Crore, up 2.19 % from last quarter Total Income of Rs 4019.31 Crore and up 10.52 % from last year same quarter Total Income of Rs 3716.28 Crore. Company reported net profit after tax of Rs 220.34 Crore in latest quarter.
Promoter/FII Holdings Promoters held 60.89 per cent stake in the company as of 31-Dec-2023, while FIIs owned 3.34 per cent, DIIs 13.97 per cent.
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