Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
178.45
Change Change %
-1.15 -0.64%

Updated:24 Sep, 2018, 15:57 PM IST

BSE
176.70
Change Change %
-3.50 -1.94%

Updated:24 Sep, 2018, 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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