Buy IGL, target price Rs 418: Shubham Aggarwal
Buy Indraprastha Gas Ltd. at a price target of Rs 418.0 and a stoploss at Rs 378 from entry point.
Indraprastha Gas Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 27401.53 Crore) operating in Gas & Petroleum sector.
Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural which contributed Rs 5052.53 Crore to Sales Value (99.62 % of Total Sales) and Other Operating Revenue which contributed Rs 19.04 Crore to Sales Value (0.37 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 1576.12 Crore, up 2.17 % from last quarter Sales of Rs 1542.64 Crore and up 22.29 % from last year same quarter Sales of Rs 1288.79 Crore Company has reported net profit after tax of Rs 211.45 Crore in latest quarter. The company’s top management includes Dr.Akhilesh Kumar Ambasht, Mr.Amit Garg, Mr.Deepak Mishra, Mr.E S Ranganathan, Mr.Gajendra Singh, Mr.R P Natekar, Mr.Rajeev Verma, Mr.Rajib Sekhar Sahoo, Mr.Ramesh Narain Misra, Mrs.Saroj Bala. Company has Walker Chandiok & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 700,000,800 shares outstanding.