Sharekhan is bullish on Gujarat State Petronet has recommended buy rating on the stock with a target price of Rs 342 in its research report dated February 14, 2023.

Buy Gujarat State Petronet; target of Rs 342: Sharekhan

Emkay Global Financial is bullish on Gujarat State Petronet has recommended buy rating on the stock with a target price of Rs 350 in its research report dated February 14, 2023.

Buy Gujarat State Petronet of Rs 350: Emkay Global Financial

Gujarat State Petronet (GSPL) reported 31.1% fall in standalone net profit to Rs 170.93 crore on a 14.6% decrease in net sales to Rs 402.41 crore in Q3 FY22 over Q3 FY22.

GSPL Q3 PAT slumps 31% YoY to Rs 171 cr

Gujarat State Petronet consolidated net profit rises 21.97% in the December 2022 quarter

Authorized by the Petroleum and Natural Gas Regulatory Board (PNGRB), the Gujarat State Petronet Limited installed the 1,650-kilometre gas pipeline, out of which 1,334 km pipeline passes through Rajasthan. The gas pipeline has recently been charged with natural gas, Veenu Gupta, Additional Principal…

Rajasthan to have 13 new industrial areas along Mehsana-Bathinda gas pipeline route

Apar Industries Ltd, Gujarat Gas Ltd, Great Eastern Shipping Company Ltd and Gujarat State Petronet Ltd are among the other losers in the BSE’s ‘A’ group today, 13 January 2023.

L&T Technology Services Ltd leads losers in ‘A’ group

We see the recently revised natural gas pipeline regulations by the PNGRB as a positive catalyst for gas transportation.

Gujarat State Petronet - Robust Growth In Indian Gas Demand, Increase In Supplies Is Positive: Nirmal Bang

Increase in gas consumption in future, a strong distribution network, decline in spot LNG prices, growth in LNG capacity and changes in tariff regulations will all help Gujarat State Petronet.

4 reasons Gujarat State Petronet is this week’s stock pick

Sharekhan is bullish on Gujarat State Petronet has recommended buy rating on the stock with a target price of Rs 342 in its research report dated December 06, 2022.

Indoco Remedies shares rallied more than 7 percent to Rs 415.35 and formed long bullish candle on the daily charts with strong volumes. Overall it has seen a good run up after breaking out long downward sloping resistance trend line adjoining August 12, 2021 and August 3, 2022.

Trade Spotlight | What should you do with Gujarat State Petronet, Indoco Remedies, NLC India on Friday?

Based on the open interest future percentage, there were 77 stocks including Gujarat State Petronet, Mindtree, Metropolis Healthcare, IRCTC, and LIC Housing Finance, in which long unwinding was seen.

Trade setup for today: Top 15 things to know before the opening bell

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Gujarat State Petronet Limited (GSPL) is an India-based company involved in the gas transportation business. The Company is primarily engaged in transmission of natural gas through pipeline on an open access basis from supply points to demand centers