Buy Indraprastha Gas, target Rs 327: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Indraprastha Gas Ltd. with a target price of Rs 327. The current market price of Indraprastha Gas Ltd. is Rs 313.65. 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 309. Indraprastha Gas Ltd., incorporated in 1998, has a market cap of Rs 21955.53 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 31-12-2018, the company has reported a Standalone sales of Rs 1508.44 Crore, up 6.12 % from last quarter Sales of Rs 1421.50 Crore and up 27.41 % from last year same quarter Sales of Rs 1183.90 Crore Company has reported net profit after tax of Rs 197.99 Crore in latest quarter. The company’s top management includes Dr.Akhilesh Kumar Ambasht, Mr.Arun Kumar Singh, Mr.E S Ranganathan, Mr.Rajib Sekhar Sahoo, Mr.Rajiv Sikka, Mr.Satyabrata Bairagi, Mrs.Saroj Bala, Mrs.Varsha Joshi. Company has Walker Chandiok & Co. LLP as its auditoRs As on 31-03-2019, the company has a total of 700,000,800 shares outstanding.