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    Buy Indraprastha Gas, target price Rs 525: ICICI Securities

    Synopsis

    Indraprastha Gas Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 27338.53 Crore) operating in Gas & Petroleum sector.

    IGL (1)Agencies
    Promoters held 45.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.34 per cent, DIIs 16.79 per cent.
    ICICI Securities has buy call on Indraprastha Gas with a target price of Rs 525. The current market price of Indraprastha Gas is Rs 387.05. Time period given by analyst is one year when Indraprastha Gas Ltd. price can reach defined target.

    Indraprastha Gas Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 27338.53 Crore) operating in Gas & Petroleum sector.

    Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3224.59 Crore, up 30.01 % from last quarter Total Income of Rs 2480.31 Crore and up 128.64 % from last year same quarter Total Income of Rs 1410.32 Crore. Company reported net profit after tax of Rs 420.86 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 45.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.34 per cent, DIIs 16.79 per cent.



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

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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