The Economic Times daily newspaper is available online now.

    Buy Gujarat State Petronet, target price Rs 325: Emkay Global

    Synopsis

    Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 13270.25 Crore) operating in Gas & Petroleum sector.

    buy sell
    Promoters held 37.63 per cent stake in the company as of 30-Sep-2022, while FIIs owned 16.54 per cent, DIIs 24.19 per cent.
    Emkay Global has buy call on Gujarat State Petronet with a target price of Rs 325. The current market price of Gujarat State Petronet is Rs 237.4.

    Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 13270.25 Crore) operating in Gas & Petroleum sector.

    Gujarat State Petronet Ltd. key Products/Revenue Segments include Income From Transportation Services, Electricity and Other Operating Revenue for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 4467.79 Crore, down -19.62 % from last quarter Total Income of Rs 5558.32 Crore and up 6.84 % from last year same quarter Total Income of Rs 4181.81 Crore. Company reported net profit after tax of Rs 621.82 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 37.63 per cent stake in the company as of 30-Sep-2022, while FIIs owned 16.54 per cent, DIIs 24.19 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (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.

    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


    (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.

    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
    The Economic Times

    Stories you might be interested in