AgenciesYes Securities has buy call on with a target price of Rs 375. The current market price of Gujarat State Petronet is Rs 349.8. Time period given by analyst is Intra Day 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 19744.58 Crore) operating in Gas & Petroleum sector.
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.
Investment Rationale
With sustained move above important averages, the stock is hovering near its all time higher zone. Appearance of a bullish candle on the weekly chart could unlock further upside potential.
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.
Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 19744.58 Crore) operating in Gas & Petroleum sector.
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.
Did you Know?
Stock score of Gujarat State Petronet Ltd moved up by 1 in 3 months on a 10-point scale.
View Latest Stock Report »Investment Rationale
With sustained move above important averages, the stock is hovering near its all time higher zone. Appearance of a bullish candle on the weekly chart could unlock further upside potential.
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.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.