Buy Gujarat State Petronet, price target Rs 255: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a buy call on Gujarat State Petronet Ltd. with a target price of Rs 255. The current price of Gujarat State Petronet Ltd. is Rs 235.45. Time period given by the analyst is Intra Day when Gujarat State Petronet Ltd. price can reach defined target. Sagar Doshi recommended to keep a stop loss at Rs 224.

Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 13351.38 Crore) operating in Gas & Petroleum sector.

Gujarat State Petronet Ltd. key Products/Revenue Segments include Income From Transportation Services which contributed Rs 1832.42 Crore to Sales Value (97.61 % of Total Sales), Electricity which contributed Rs 41.73 Crore to Sales Value (2.22 % of Total Sales), Other Operating Revenue which contributed Rs 2.53 Crore to Sales Value (0.13 % of Total Sales) and Compressed Natural Gas (CNG) which contributed Rs .59 Crore to Sales Value (0.03 % of Total Sales) for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 3043.23 Crore, up .72 % from last quarter sales of Rs 3021.49 Crore and up 21.71 % from last year same quarter sales of Rs 2500.41 Crore. Company has reported net profit after tax of Rs 931.81 Crore in latest quarter.