Analyst's Pick: Gujarat Gas
LKP Shares has reiterates its ‘buy’ recommendation on Gujarat Gas Co with a price target of Rs 325.
By ET Bureau |
Gujarat Gas
Cmp: Rs 274.50
Target price: Rs 325
LKP Shares has reiterates its ���buy��� recommendation on Gujarat Gas Co with a price target of Rs 325. ���Although gas supply and tariff structure regulations remain a concern for GGCL, we believe that newer sources of gas supply will add to the topline of GGCL,��� the brokerage said in a report.
���We believe the deficit gas can be sourced through spot purchases of LNG, the pricing of this gas shall be crucial due to differential between spot prices of gas and long term contracts fixed by GGCL,��� it added.
Cmp: Rs 274.50
Target price: Rs 325
LKP Shares has reiterates its ���buy��� recommendation on Gujarat Gas Co with a price target of Rs 325. ���Although gas supply and tariff structure regulations remain a concern for GGCL, we believe that newer sources of gas supply will add to the topline of GGCL,��� the brokerage said in a report.
���We believe the deficit gas can be sourced through spot purchases of LNG, the pricing of this gas shall be crucial due to differential between spot prices of gas and long term contracts fixed by GGCL,��� it added.
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