Buy Indraprastha Gas Ltd, target Rs 1520: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Indraprastha Gas Ltd. with a target price of Rs 1520.0 . The current market price of Indraprastha Gas Ltd. is Rs 1462.6 Time period given by analyst is Intra Day when Indraprastha Gas Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 1430
Indraprastha Gas Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 20476.42 Crore) operating in Chemicals sector.

Indraprastha Gas Ltd. key Products/Revenue Segments include CNG which contributed Rs 3079.47 Crore to Sales Value (75.77 % of Total Sales), PNG which contributed Rs 972.67 Crore to Sales Value (23.93 % of Total Sales) and Other Operating Revenue which contributed Rs 12.07 Crore to Sales Value (0.29 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 1049.22 Crore, up 4.72 % from last quarter Sales of Rs 1001.89 Crore and up 16.96 % from last year same quarter Sales of Rs 897.04 Crore Company has reported net profit after tax of Rs 161.26 Crore in latest quarter. The company’s top management includes Dr.Sudha Sharma, Mr.E S Ranganathan, Mr.Manoj Jain, Mr.Raghu Nayyar, Mr.S Ramesh, Mr.V Nagarajan, Mr.Vikram Dev Dutt, Mrs.Varsha Joshi. Company has Walker Chandiok & Co. LLP as its auditoRs As on 30-06-2017, the company has a total of 140,000,160 shares outstanding.