Moneycontrol PRO
Upcoming Webinar:Moneycontrol Pro in association with Quants League Sep'21 Edition brings to you to 5-Days Live Algorithmic Options Trading Virtual Conference. Register Now!

Buy Gujarat Gas target of Rs 666: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Gujarat Gas has recommended buy rating on the stock with a target price of Rs 666 in its research report dated Jun 01, 2021.

June 10, 2021 / 12:21 PM IST
  • bselive
  • nselive
Todays L/H

Prabhudas Lilladher's research report on Gujarat Gas

We change our FY22/23E earnings by -4%/+3% to factor in near term volume impact due to pandemic concerns and even increase our FY23E estimates. We remain constructive on GGAS volume prospects as imposition of 200- 350% import duty on Chinese imports to US has helped domestic exporters in Morbi, which is India’s ceramic hub and accounts for over 60% of GGAS volumes.


After sharp run up in stock price (up 53% in las six months) we had put the rating under review but we like the business and rate ‘BUY’ with a DCF based TP of Rs666 on rollover as we increase medium term volume and margin assumptions.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jun 2, 2021 04:14 pm

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark