Buy Indraprastha Gas, target Rs 345: Dr CK Narayan
Buy Indraprastha Gas Ltd. at a price target of Rs 345.0 and a stoploss at Rs 333 from entry point.
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 31-03-2019, the company has reported a Standalone sales of Rs 1542.64 Crore, up 2.27 % from last quarter Sales of Rs 1508.44 Crore and up 25.12 % from last year same quarter Sales of Rs 1232.93 Crore Company has reported net profit after tax of Rs 225.50 Crore in latest quarter. The company’s top management includes Dr.Akhilesh Kumar Ambasht, Mr.Arun Kumar Singh, Mr.E S Ranganathan, Mr.Rajib Sekhar Sahoo, Mr.Rajiv Sikka, Mr.Satyabrata Bairagi, Mrs.Saroj Bala. Company has Walker Chandiok & Co. LLP as its auditoRs As on 31-03-2019, the company has a total of 700,000,800 shares outstanding.