 Buy GSPL; target Rs 115-125: RR FinancialPublished on Mon, Nov 23, 2009 at 16:40 | Source : Moneycontrol.com Updated at Mon, Nov 23, 2009 at 16:49 2394 Investors following GSPL India. Share this News with them.
RR Financial Consultants has recommended buy rating on Gujarat State Petronet Ltd , in its November 23, 2009 research report with a price target of Rs 115-125. "At the price of Rs 92, stocks look reasonable valued given the strong earning potential in near future. We have maintained our BUY recommendation on the stock for a target of 115-25. It is currently trading at Price to Earnings ratio of 18.0x based on the TTM earnings, as compared to Price to Earnings ratio of 20.4x of GAIL, 12.0x of Indraprastha Gas Ltd and 16.2x of Gujarat Gas Company Ltd (GGCL). The company is currently trading at 3.74x P/BV compared to the industry average of 3.39x. GSPL is currently trading at EV/EBIDTA of 8.5x which is lower than the industry average of 9.5x. Also the company is trading at the EV/Sales multiple of 7.8x as compared to the industry average of 3.5x as being purely in natural gas transportation business it doesn't have any exposure to natural gas price fluctuation." RR Financial Consultants research report. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. To read the full report click on the attachment......... Attachments : RR Houseview o Nov 232009- GSPL.pdf
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