Market Dashboard
BSE Code: | NSE Code: | ISIN: | Sector:
NSE
160.00
| Change | Change % |
| 0.50 | 0.31% |
Updated:15 Feb, 2019, 15:58 PM IST |
|
BSE
159.65
| Change | Change % |
| 0.25 | 0.16% |
Updated:15 Feb, 2019, 16:01 PM IST |
|
Research Report Detail
| Brokerage Analyst |
Report Date | Call | Price@Call | Target Price Stop Loss |
Current Status | Time Horizon |
|---|---|---|---|---|---|---|
| Religare N/A |
05-12-2016 | Buy | 149.00 | 195.00 N/A |
Target Hit | Long (1Y) 05-12-2017 |
Religare maintains buy on Gujarat State Petronet
Religare in a note to its clients has recommended buying Gujarat State Petronet for target price of Rs 195. Religare has raised its DCF-based fair value for Gujarat State Petronet to Rs 195, valuing its pipeline business at Rs 176/share and its 25 per cent stake in Gujarat Gas at Rs 19/share. It adds that pipeline business valuation implies a price to equity multiple of 15 times FY19 estimated EPS, in line with gas utility peers. The company's earnings are not exposed to marketing margins and thus insulated from volatility.
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