Buy Indraprastha Gas, target price Rs 665: HDFC Securities

HDFC Securities has buy call on Indraprastha Gas with a target price of Rs 665. The current market price of Indraprastha Gas is Rs 494.3.

Time period given by analyst is one year when Indraprastha Gas Ltd. price can reach defined target.

Indraprastha Gas Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 34450.54 Crore) operating in Gas & Petroleum sector.


Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1873.24 Crore, up 32.82 % from last quarter Total Income of Rs 1410.32 Crore and up 27.34 % from last year same quarter Total Income of Rs 1471.05 Crore. Company reported net profit after tax of Rs 365.14 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 45.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 21.88 per cent, DIIs 16.06 per cent.