Buy Gujarat State Petronet, target price Rs 325: Motilal Oswal

Motilal Oswal has buy call on Gujarat State Petronet Ltd. with a target price of Rs 325. The current market price of Gujarat State Petronet Ltd. is Rs 283.8.

Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 16034.89 Crore) operating in Gas & Petroleum sector.

Gujarat State Petronet Ltd. key Products/Revenue Segments include Income From Transportation Services, Electricity, Gas Natural and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 4455.94 Crore, up 3.85 % from last quarter Total Income of Rs 4290.87 Crore and up 2.76 % from last year same quarter Total Income of Rs 4336.42 Crore. Company has reported net profit after tax of Rs 580.49 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 37.63 per cent stake in the company as of 30-Sep-2023, while FIIs owned 16.0 per cent, DIIs 25.14 per cent.