Chandan of has buy call on with a target price of Rs 450. The current market price of . is Rs 430.75.
Indraprastha Gas Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 30142.03 Crore) operating in Gas & Petroleum sector.
Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 3973.01 Crore, up 23.21 % from last quarter Total Income of Rs 3224.59 Crore and up 112.09 % from last year same quarter Total Income of Rs 1873.24 Crore. Company reported net profit after tax of Rs 357.15 Crore in latest quarter.
Investment Rationale
Coming out of its range on daily frame and holding well above its 50 DEMA
Promoter/FII Holdings
Promoters held 45.0 per cent stake in the company as of 30-Sep-2022, while FIIs owned 20.34 per cent, DIIs 20.1 per cent.
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