The company recognised gain of | 50.3 crore post transfer of CGD business to its subsidiary, Gujarat Gas. PAT was at | 248.1 crore, flat YoY What should investors do? In the long run, the transmission business is expected to report stable volumes on the back of growth in CGD sector, increasing domestic production and increased LNG capacity in Gujarat. We maintain our BUY rating on the stock Target Price and Valuation: We value GSPL's transmission business at ~| 185/share. At the CMP, GSPL's investments in its listed CGD entity Gujarat Gas...