Sell Indraprastha Gas, target Rs 282: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Indraprastha Gas Ltd. with a target price of Rs 282. The current market price of Indraprastha Gas Ltd. is Rs 290.5 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 295. Indraprastha Gas Ltd., incorporated in 1998, is a largecap company with a market cap of Rs 20335.02 crore.

Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural which contributed Rs 4205.43 Crore to Sales Value (99.59 % of Total Sales) and Other Operating Revenue which contributed Rs 17.08 Crore to Sales Value (0.40 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 1287.40 Crore, up 4.42 % from last quarter Sales of Rs 1232.93 Crore and up 22.70 % from last year same quarter Sales of Rs 1049.22 Crore Company has reported net profit after tax of Rs 175.89 Crore in latest quarter. The company’s top management includes Dr.Sudha Sharma, Mr.E S Ranganathan, Mr.Raghu Nayyar, Mr.Rajiv Sikka, Mr.S Ramesh, Mr.S S Rao, Mr.Santosh Kumar, Mr.Satyabrata Bairagi, Mr.V Ranganathan, Mrs.Varsha Joshi. Company has Walker Chandiok & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 700,000,800 shares outstanding.