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Sell Indraprastha Gas, price target Rs 396: Kunal Bothra

The analyst suggested a stoploss at Rs 415.

ETMarkets.com|
Updated: Dec 05, 2019, 11.45 AM IST
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Indraprastha Gas Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 28833.03 Crore) operating in Gas & Petroleum sector.
Kunal Bothra has a sell call on Indraprastha Gas Ltd. with a target price of Rs 396.0 . The current price of Indraprastha Gas Ltd. is Rs 411.6 . Kunal Bothra recommended to keep a stoploss at Rs 415 .

Indraprastha Gas Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 28833.03 Crore) operating in Gas & Petroleum sector.

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 30-09-2019, the company has reported a Consolidated sales of Rs 1692.45 Crore, up 7.38 % from last quarter Sales of Rs 1576.12 Crore and up 18.93 % from last year same quarter Sales of Rs 1423.10 Crore Company has reported net profit after tax of Rs 373.39 Crore in latest quarter.

The company’s top management includes Dr.Akhilesh Kumar Ambasht, Mr.Amit Garg, Mr.Deepak Mishra, Mr.E S Ranganathan, Mr.Gajendra Singh, Mr.R P Natekar, Mr.Rajeev Verma, Mr.Rajib Sekhar Sahoo, Mr.Ramesh Narain Misra, Mrs.Saroj Bala. Company has Walker Chandiok & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 700,000,800 shares outstanding.

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