|
12 Sep 2025 |
Gujarat Gas
|
Consensus Share Price Target
|
431.05 |
467.00 |
- |
8.34 |
hold
|
|
|
|
|
28 Apr 2023
|
Gujarat Gas
|
ICICI Securities Limited
|
431.05
|
565.00
|
454.50
(-5.16%)
|
Target met |
Buy
|
|
|
As per CNBC TV-18 (link), which we have confirmed with the Gujarat Gas (GGL) management, GGL has cut its Morbi industrial prices by a further Rs5/scm to keep prices competitive in the wake of the recent lowering of propane prices (estimated at ~Rs40/scm as of now). The revised industrial prices for Morbi are now at Rs39.5/scm (net of taxes) while non-Morbi prices remain at ~Rs47/scm.
|
|
14 Feb 2023
|
Gujarat Gas
|
ICICI Direct
|
431.05
|
520.00
|
474.80
(-9.21%)
|
Target met |
Hold
|
|
|
|
|
13 Feb 2023
|
Gujarat Gas
|
Motilal Oswal
|
431.05
|
610.00
|
484.65
(-11.06%)
|
Target met |
Buy
|
|
|
|
|
13 Feb 2023
|
Gujarat Gas
|
Sharekhan
|
431.05
|
560.00
|
510.20
(-15.51%)
|
Target met |
Buy
|
|
|
|
|
13 Feb 2023
|
Gujarat Gas
|
Prabhudas Lilladhar
|
431.05
|
530.00
|
484.65
(-11.06%)
|
Target met |
Hold
|
|
|
|
|
13 Feb 2023
|
Gujarat Gas
|
ICICI Securities Limited
|
431.05
|
540.00
|
484.65
(-11.06%)
|
Target met |
Accumulate
|
|
|
Gujarat Gas (GGL) has delivered a strong 2.4x YoY increase in EBITDA to Rs5.8bn and a 3x YoY jump in net earnings to Rs3.7bn in Q3FY23, despite a material 36% YoY dip in overall volumes. Earnings came in ahead of our estimates of Rs4.5bn EBITDA/Rs2.7bn PAT.
|
|
11 Jan 2023
|
Gujarat Gas
|
Motilal Oswal
|
431.05
|
679.00
|
471.25
(-8.53%)
|
|
Buy
|
|
|
|
|
11 Nov 2022
|
Gujarat Gas
|
ICICI Securities Limited
|
431.05
|
554.00
|
495.35
(-12.98%)
|
|
Accumulate
|
|
|
Gujarat Gas (GGL) has delivered a strong 53% YoY increase in EBITDA and a 62% YoY jump in net earnings to Rs4bn in Q2FY23, despite a material 33% YoY dip in overall volumes.
|
|
10 Nov 2022
|
Gujarat Gas
|
Prabhudas Lilladhar
|
431.05
|
530.00
|
480.65
(-10.32%)
|
Target met |
Hold
|
|
|
|
|
27 Sep 2022
|
Gujarat Gas
|
ICICI Securities Limited
|
431.05
|
535.00
|
487.20
(-11.53%)
|
Target met |
Accumulate
|
|
|
We met with the senior management team of Gujarat Gas Ltd (GGL) for an update on recent business developments and future outlook.
|