Domestic demand is expected to remain good, going forward, supported by favourable LNG and CNG prices compared to auto fuel price
The stock crashed 24 percent in the pervious four sessions after the Petroleum and Natural Gas Board to slashed GSPL's HP Pipeline network tariff
The sharp tariff cut, which poses a threat to GSPL's financial performance, prompted brokerages such as Kotak, Nuvama, Emkay Global and ICICI Securities to downgrade the stock
The new tariff is not just 47 percent lower than GSPL's existing tariff but also a third of what was sought by the company
The Petroleum and Natural Gas Regulatory Board plans to implement unified tariff regulations for natural gas infrastructure from April 1, 2023
Investors should note that Gujarat Gas accounts for a significant part of GSPL's valuation
According to Nomura the Q4 miss was driven by both lower volume and tariff.
Net Sales are expected to decrease by 12.8 percent Y-o-Y (up 1.8 percent Q-o-Q) to Rs. 522 crore, according to Sharekhan.
Net Sales are expected to increase by 9.3 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 532.7 crore, according to Kotak.
Net Sales are expected to increase by 30.7 percent Y-o-Y (up 17.9 percent Q-o-Q) to Rs. 511.5 crore, according to Kotak.
Net Sales are expected to increase by 31.7 percent Y-o-Y (down 2.8 percent Q-o-Q) to Rs. 461.5 crore, according to Kotak.
Net Sales are expected to increase by 32 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 461.5 crore, according to Kotak.
Net Sales are expected to increase by 37 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 478.3 crore, according to Kotak.
Net Sales are expected to increase by 24.6 percent Y-o-Y (up 5.4 percent Q-o-Q) to Rs. 369.3 crore, according to Kotak.
GSPL has approved the purchase of another 28.4 per cent stake in Gujarat Gas from its parent company GSPC.
GAIL says its pipeline would cost Rs 85.36 crore while GSPL India Transco Ltd's pipeline would cost Rs 250 crore.
CITI has maintained a buy rating on Petronet LNG on potential aquisition in Mundra terminal from GSPL with a target price of Rs 541 and feels that the company is relatively immune to India's broader LNG demand outlook and rising competition from new upcoming regas terminals.
Ashwani Gujral of ashwanigujral.com recommends buying Voltas, Hindustan Unilever, DCB Bank, India Cements and GSPL.
Kotak expects GSPL's blended tariffs to increase by around 10 percent in FY17 as PNGRB (Petroleum and Natural Gas Regulatory Board) would amend tariff calculation methodology addressing industry concerns.
Brokerage house Emkay Global Financial Services is bullish on Gujarat State Petronet (GSPL) and has recommended buy rating on the stock with a target price of Rs 151 in its research report dated July 13, 2015.
The project included laying 103 kms high pressure gas transmission pipeline on an EPC basis for Gujarat State Petronet Limited (GSPL).
Emkay Global Financial Services has recommended to buy Gujarat Industries Power Co. and Gujarat State Petronet (GSPL) for the target price of Rs 140 and Rs 151 respectively, in its research report dated May 25, 2015.
Edelweiss is bullish on Gujarat State Petronet (GSPL) and has recommended buy rating on the stock with a target price of Rs 146, in its research report dated May 22, 2015.
KRChoksey has come out with its research report on Gujarat State Petronet (GSPL). "Top line stable; Net profit falls due to higher depreciation and tax", says the report.
GSPL rallied 9 percent intraday as brokerage house Citi feels the natural gas transmission company could be the biggest beneficiary from new gas policy given its high operating leverage and connectivity to the Hazira regas terminal which is still running at 50 percent of its around 5 MMTPA capacity.