Buy Indraprastha Gas around Rs 220-225: Rajesh Agarwal

Buy Indraprastha Gas around Rs 220-225, says Rajesh Agarwal, Head of Research, Eastern Financiers Limited.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Stocks Views

Apr 11, 2012, 01.34 PM | Source: CNBC-TV18

Buy Indraprastha Gas around Rs 220-225: Rajesh Agarwal

Buy Indraprastha Gas around Rs 220-225, says Rajesh Agarwal, Head of Research, Eastern Financiers Limited.

Like this story, share it with millions of investors on M3

Buy Indraprastha Gas around Rs 220-225: Rajesh Agarwal

Buy Indraprastha Gas around Rs 220-225, says Rajesh Agarwal, Head of Research, Eastern Financiers Limited.

Post Your Comments

Share Cancel

Rajesh Agarwal (more)

, Aum Capital | Capital Expertise: Equity - Fundamental

Buy Indraprastha Gas around Rs 220-225, says Rajesh Agarwal, Head of Research, Eastern Financiers Limited.

Agarwal told CNBC-TV18, "Indraprastha Gas - after yesterdayís out of the blue order which came I think it would be real difficult to get that kind of valuation which the counter was getting in the previous times. But at this point of time after the kind of kneejerk reaction which we have seen yesterday, I donít think there is much of a downside left. Although the stock is going to languish between the range of Rs 220 and Rs 250 until clarity comes on lot of issues like the management has said that they were not given hearing they are going to contest in the court for the order."

He further added, "The pricing at this point of time is going to remain as it was. But if the order is implemented we believe that the PAT is going to take a hit of around 35-40% and based on that we have a valuation of around Rs 280 in the next one year."

"If one wants to invest one can buy at around Rs 220-225 levels for a target of Rs 280 in one year and thatís the kind of target we have in this stock. For this investor I would suggest since it has already gone down so much you wait for a price of Rs 220-225 if that comes average it out and sell it around Rs 280."

Buy, Hold, Sell ? Hear it first on M3
Buy Indraprastha Gas around Rs 220-225: Rajesh Agarwal

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login