Add Gujarat Gas, target price Rs 535: ICICI Securities

Add Gujarat Gas, target price Rs 535: ICICI Securities
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Synopsis

Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 33744.88 Crore) operating in Gas & Petroleum sector.

Agencies
Promoters held 60.89 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.18 per cent, DIIs 10.01 per cent.
has add call on Gujarat Gas with a target price of Rs 535. The current market price of . is Rs 492.85. Time period given by analyst is one year when Ltd. price can reach defined target.

Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 33744.88 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-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 5322.23 Crore, up 11.09 % from last quarter Total Income of Rs 4791.04 Crore and up 72.40 % from last year same quarter Total Income of Rs 3087.21 Crore. Company reported net profit after tax of Rs 381.12 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 60.89 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.18 per cent, DIIs 10.01 per cent.
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