Durability score
75/100
Valuation score
37.3/100
Momentum score
47.8/100
Market Capitalizati...
10952.0
AVG Broker Target
211
PE TTM Price to Ear...
17.2
Gujarat State Petronet Limited    
15 Feb 2018
194.25
-0.13%
buy
Hold: GSPL
Axis Direct
Gas volumes rose 28% YoY/5% QoQ on high off-take by RIL's refinery (~10 mmscmd) with ROGC# project starting in December 2017 and petcoke gasification project set to be fully ramped up in FY19.
Axis Direct increased Hold price target of Gujarat State Petronet Limited to 222.0 on 15 Feb, 2018.
Gujarat State Petronet Limited    
13 Feb 2018
194.25
-0.13%
Gujarat State Petronet (GSPL) showing technical weakness click to expand

Gujarat State Petronet (GSPL) has seen its share price rising over the last week, but on Feb 9th and 12th has begun showing signs of weakness. On Feb 8 the stock entered two bearish technical screeners - the Bearish Harami Cross and the Bearish Harami, before exiting them on Feb 12. The company's MACD also shows bearishness.

On the upside, the stock is currently in the Oversold by MFI (Money Flow Index) screener, which indicates that it may rebound. 

Gujarat State Petronet Limited is trading below it's 30 day SMA of 207.98
Gujarat State Petronet Limited    
09 Feb 2018
194.25
-0.13%
buy
Hold: GSPL
IDBI Capital
Gujarat State Petronet's (GSPL) Q3FY18 result was completely in line with our expectation where volume was a tad higher than our estimate. Revenue increased 31.3% YoY to Rs3.5 bn led by strong volume growth and flattish implied tariff. Volume grew 27.7% YoY to 33.5mmscmd due to incremental demand from RIL for its new projects while tariff increased 2.6% YoY to Rs1.12/scm. We are keeping our estimates unchanged and introducing FY20 numbers and we expect its EBITDA/PAT to see a CAGR of 9%/13% during FY17-20E.We roll over our valuation to FY20 gives a new TP of Rs212 from Rs204. Maintain HOLD....
Axis Direct increased Hold price target of Gujarat State Petronet Limited to 222.0 on 15 Feb, 2018.
Gujarat State Petronet Limited    
09 Feb 2018
194.25
-0.13%
buy
Hold: GSPL
ICICI Securities Limited
Gas transmission volumes increased 27.7% YoY to 33.5 mmscmd (our estimate: 32.5 mmscmd). Transmission tariffs at | 1.12/scm came in largely in line with our estimates at | 1.15/scm. EBITDA increased 30.6% YoY to | 297.1 crore and came in below our estimate of | 308.2 crore due to higher other expenses Lower tax rate of 30% (our estimate: 33%) supported profitability at | 181.6 crore, which came in line with our estimates...
Gujarat State Petron.. has an average target of 211.00 from 8 brokers.
Gujarat State Petronet Limited    
08 Feb 2018
194.25
-0.13%
Motilal Oswal
EBITDA below estimate; in-line transmission volumes Reported revenue rose 31% YoY (+5% QoQ) to INR3.5b, falling short of our estimate of INR3.8b, primarily due to lower implied tariffs. EBITDA of INR2.97b (+31% YoY, +4% QoQ) was below our estimate of INR3.3b due to higher O&M expenses of INR137/mscm (+33% YoY, +11% QoQ). Reported PAT stood at INR1.8b (est. of INR1.9b, +53% YoY, +2% QoQ) - the difference at PAT level declined due to a lower tax rate of 30% (est. of 34.3%; 32.1% in 2QFY18 and 34.9% in 3QFY17).In-line transmission volumes; lower implied tariff Transmission volume grew 28% YoY (+6% QoQ) to 33.5mmscmd (in-line) in 3QFY18, which is believed to be led by higher off take from the power sector. Implied transmission tariff stood at INR1,123/mscm (est. of INR1,200; +3% YoY, +1% QoQ).
Number of FIIs/FPIs holding stock rose by 32 to 297 in Dec 2017 qtr.
Gujarat State Petronet Limited    
14 Nov 2017
194.25
-0.13%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Gujarat State Petronet (GSPL) reported its Q2FY18 results, which were above our estimates on the topline and profitability front. Revenues increased 29.8% YoY to | 334.8 crore above our estimate of | 316.5 crore mainly on account of higher than estimated volumes Gas transmission volumes increased 28.2% YoY to 31.6 mmscmd (our estimate: 28.5 mmscmd). Transmission tariffs were at | 1.1/scm, marginally below our estimate of | 1.15/scm. EBITDA increased...
Number of FIIs/FPIs holding stock rose by 32 to 297 in Dec 2017 qtr.
Gujarat State Petronet Limited    
14 Nov 2017
194.25
-0.13%
buy
Accumulate: GSPL
Dolat Capital
GSPL being a pure natural gas transporter does not own the gas at any point in time thereby negating the risk of the fluctuations in the natural gas prices. Tariff hike is expected in Q4FY18. Gujarat accounts for nearly 40% of India's gas consumption and we expect this trend to continue. With the increase in gas supply through...
Number of Mutual Funds holding stock rose by 8 to 105 in Dec 2017 qtr.
Gujarat State Petronet Limited    
17 Aug 2017
194.25
-0.13%
buy
Hold: GSPL
Axis Direct
Gas transmission volume rose 7% YoY at 26.9 mmscmd in Q1FY18 due to higher gas off-take from RIL's refinery and Torrent Power. Volume is likely to remain firm through FY18, as RIL starts its RoGC# project (gas consumer)
default
Axis Direct increased Hold price target of Gujarat State Petronet Limited to 222.0 on 15 Feb, 2018.
Gujarat State Petronet Limited    
14 Aug 2017
194.25
-0.13%
IDBI Capital
Gujarat State Petronet's (GSPL) result was above expectation on the back of higher than expectation volume and realization both. Revenue increased 14.8% YoY to Rs2,963 mn, EBITDA increased 18.3% toRs2.8 bn while PAT grew 25.8% to Rs1.5 bn. Volume expanded to 26.9mmscmd while implied tariff stood at Rs1.15/scm compared to Rs1.07/scm. We expect volume may remain strong in near term due to test run of RIL's few key projects. However, volume loss due to RIL's Petcoke Gasification plant would be a key overhang in FY19. The company acquired 11% stake in Swan LNG which would aid growth to its...
Axis Direct increased Hold price target of Gujarat State Petronet Limited to 222.0 on 15 Feb, 2018.
Gujarat State Petronet Limited    
14 Aug 2017
194.25
-0.13%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Gujarat State Petronet (GSPL) reported its Q1FY18 results, which were above our estimates on all fronts. Revenues increased 14.8% YoY to | 296.3 crore above our estimate of | 265.3 crore mainly on account of higher than estimated volumes and transmission tariffs Gas transmission volumes increased 7.2% YoY to 26.9 mmscmd (our estimate: 26 mmscmd). Transmission tariffs increased 7.9% YoY to | 1.2/scm above our estimate of | 1.1/scm. EBITDA increased 18.3%...
Number of FIIs/FPIs holding stock rose by 32 to 297 in Dec 2017 qtr.
  • Axis Direct increased Hold price target of Gujarat State Petronet Limited to 222.0 on 15 Feb, 2018.
  • Stock Price (198.55) crossed below 150 Day SMA (200.76) on 16 February, 2018
  • Stock Price (203.00) crossed above 200 Day SMA (193.44) on 07 February, 2018
  • Day Change by 5.15% (Crossed threshold 5%) on 07 February, 2018
  • Day volume (1069963) was 665% of the Month Average Volume (160688.0) on 30 January, 2018
More triggered alerts
Ex-Date Dividend Amount Dividend Type Record Date
Sept. 20, 20171.50--
Sept. 14, 20161.50--
Sept. 15, 20151.20--
Sept. 18, 20141.00--
Sept. 19, 20131.00--
All dividends by GSPL