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Buy Indraprastha Gas, target Rs 340: Kunal Bothra

Buy Indraprastha Gas Ltd. at a price target of Rs 340.0 and a stoploss at Rs 320 from entry point.

ETMarkets.com|
Updated: Aug 19, 2019, 09.02 AM IST
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Independent analyst Kunal Bothra has a buy call on Indraprastha Gas Ltd. with a target price of Rs 340. The current market price of Indraprastha Gas Ltd. is Rs 327.05. Time period given by the analyst is Intra Day when Indraprastha Gas Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 320. Indraprastha Gas Ltd., incorporated in 1998, has a market cap of Rs 22893.53 crore.
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.Arun Kumar Singh, Mr.Deepak Mishra, Mr.E S Ranganathan, Mr.Rajeev Verma, Mr.Rajib Sekhar Sahoo, Mr.Ramesh Narain Misra, Mr.Satyabrata Bairagi, Mrs.Saroj Bala. Company has Walker Chandiok & Co. LLP as its auditors. As on 30-06-2019, the company has a total of 700,000,800 shares outstanding.

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