Buy Gujarat State Petronet, target price Rs 300: Motilal Oswal

Buy Gujarat State Petronet, target price Rs 300: Motilal Oswal
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 11608.43 Crore) operating in Gas & Petroleum sector.

iStock
Promoters held 37.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.6 per cent, DIIs 30.9 per cent and public and others 15.9 per cent.

INSIGHTS

Read Stock Insights by ET for a quick analysis

Explore Now
Motilal Oswal Financial Services has buy call on Gujarat State Petronet with a target price of Rs 300.
The current market price of Gujarat State Petronet Ltd. is Rs 205.8 .

Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 11608.43 Crore) operating in Gas & Petroleum sector.


Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2980.43 Crore, up 97.98 % from last quarter Sales of Rs 1505.42 Crore and down -2.06 % from last year same quarter Sales of Rs 3043.23 Crore. Company reported net profit after tax of Rs 704.42 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 37.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.6 per cent, DIIs 30.9 per cent and public and others 15.9 per cent.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Also Read

Read before you invest. Insights on GSPL. Explore Now