Buy Indraprastha Gas, target Rs 300: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Indraprastha Gas Ltd. with a target price of Rs 300. The current market price of Indraprastha Gas Ltd. is Rs 285.35 Time period given by the analyst is Intra Day when Indraprastha Gas Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 275 Indraprastha Gas Ltd., incorporated in 1998, is a largecap company with a market cap of Rs 19974.52 crore.

Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural which contributed Rs 5052.53 Crore to Sales Value (99.62 % of Total Sales) and Other Operating Revenue which contributed Rs 19.04 Crore to Sales Value (0.37 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 1421.50 Crore, up 10.42 % from last quarter Sales of Rs 1287.40 Crore and up 26.23 % from last year same quarter Sales of Rs 1126.09 Crore Company has reported net profit after tax of Rs 187.28 Crore in latest quarter. The company’s top management includes Dr.Sudha Sharma, Mr.Arun Kumar Singh, Mr.E S Ranganathan, Mr.Raghu Nayyar, Mr.Rajiv Sikka, Mr.Satyabrata Bairagi, Mrs.Varsha Joshi. Company has Walker Chandiok & Co. LLP as its auditoRs As on 31-12-2018, the company has a total of 700,000,800 shares outstanding.