Buy Gujarat State Petronet with a target Rs 190.0 -- IIFL

IIFL has a buy call on Gujarat State Petronet with a target price of Rs 190. The current market price of Gujarat State Petronet Ltd. is Rs 179.8. The time period given by analyst is Intra Day when Gujarat State Petronet Ltd. price can reach defined target. IIFL recommended to keep stoploss at Rs 175.4 .

Gujarat State Petronet Ltd., incorporated in the year 1998, is a midcap company with a market cap of ₹ 10133.31 Cr.) operating in Petrochemicals sector.

Gujarat State Petronet Ltd. key Products/Revenue Segments include Income From Transportation Services which contributed ₹ 949.70 Cr to Sales Value (95.74 % of Total Sales), Electricity which contributed ₹ 37.30 Cr to Sales Value (3.76 % of Total Sales) and Other Operating Revenue which contributed ₹ 4.92 Cr to Sales Value (0.49 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 262.70 Cr., up 2.47% from last quarter Sales of ₹ 256.36 Cr. and up 6.14% from last year same quarter Sales of ₹ 247.50 Cr. Company has reported net profit after tax of ₹ 118.56 Cr. in latest quarter. The company’s CEO is Dr.J N Singh. It's Board of Directors include Ms.Reena Desai, Mr.Manish Seth, Ms.Reena Desai, Dr.Bakul Dholakia, Dr.J N Singh, Dr.R Vaidyanathan, Dr.Sudhir Kumar Jain, Dr.T Natarajan, Mr.Anil Mukim, Mr.Bhadresh Mehta, Mr.Bimal N Patel, Mr.M M Srivastava, Mr.Sujit Gulati, Mrs.Shridevi Shukla, Prof.Yogesh Singh. Company has its registered office at GSPC Bhavan, , Behind Udyog Bhavan,, 5th Floor,, Gandhinagar, 382010, Gujarat. Company has V V Patel & Co. as its auditors. As on 31-12-2016, the company has a total of 563,517,441 shares outstanding.