Buy Indraprastha Gas Ltd. target Rs 1080: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Indraprastha Gas Ltd. with a target price of Rs 1080.0 .The current market price of Indraprastha Gas Ltd. is Rs 1062.55. The time period given by analyst is Intra Day when Indraprastha Gas Ltd. price can reach defined target. recommended to keep stop loss at Rs 1047.0 .

Indraprastha Gas Ltd., incorporated in the year 1998, is a largecap company (having a market cap of ₹ 14875.72 crore) operating in chemicals sector.

Indraprastha Gas Ltd's key products/revenue segments include CNG which contributed ₹ 3079.47 crore to sales value (75.77 % of total sales), PNG which contributed ₹ 972.67 crore to sales value (23.93 % of Total Sales) and other operating revenue which contributed ₹ 12.07 crore to Sales Value (0.29 % 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 ₹ 942.90 Cr., down -2.03 per cent from last quarter Sales of ₹ 962.43 Cr. and up 1.72 per cent from last year same quarter Sales of ₹ 926.92 Cr. Company has reported net profit after tax of ₹ 144.81 crore in the latest quarter. The company’s CEO is E S Ranganathan. It's Board of Directors include S K Jain, Rajesh Agrawal, S K Jain, Sudha Sharma, E S Ranganathan, Manoj Jain, Raghu Nayyar, S Ramesh, S S Rao, Santosh Kumar, V Nagarajan, Vikram Dev Dutt, Prof.V Ranganathan. Company has its registered office at ICL Bhawan,, Plot No. 4,, Community Centre,, New Delhi, 110022, Delhi. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-12-2016, the company has a total of 140,000,160 shares outstanding.