Can I buy Gujarat Gas share?

Can I buy Gujarat Gas share?

You can buy Gujarat Gas Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Gujarat Gas Ltd Share.

What is future of Gujarat Gas share?

Gujarat Gas Ltd quote is equal to 556.400 INR at 2022-06-03. Based on our forecasts, a long-term increase is expected, the “Gujarat Gas Ltd” stock price prognosis for 2027-05-28 is 1558.690 INR. With a 5-year investment, the revenue is expected to be around +180.14%.

What is the target of Gujarat Gas?

Synopsis. Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 37551.68 Crore) operating in Gas & Petroleum sector. HDFC Securities has buy call on Gujarat Gas with a target price of Rs 625. The current market price of Gujarat Gas Ltd. is Rs 551.5.

Is MGL a good share?

The MGL stock’s valuation is now below its three-year average of about 17 times – this despite the sharp fall in earnings in the June 2020 quarter that should have ideally lifted up the price-to-earnings ratio. Given the sharp fall in valuation, investors with a long-term perspective can consider buying the MGL stock.

Is Gujarat Gas a large cap company?

Synopsis. Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 42673.30 Crore) operating in Gas & Petroleum sector.

Is Gujarat Gas a government company?

Gujarat Gas Limited is an Indian natural gas distribution company, owned by Gujarat State Petroleum Corporation….Gujarat Gas.

Is Gujarat Gas Large Cap?

Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 35858.24 Crore) operating in Gas & Petroleum sector.

Why is MGL price falling?

MGL said the company’s Ebitda margins declined in Q3 mainly due to increase in administered pricing mechanism (APM) and market determined gas prices.

Why the stock of Mahanagar Gas is a good buy?

Mahanagar Gas shareholders can take confidence from the fact that EBIT margins are up from 29% to 38%, and revenue is growing. That’s great to see, on both counts. You can take a look at the company’s revenue and earnings growth trend, in the chart below.

Is Gujarat Gas a good company?

The company has been consistently delivering good numbers and in its latest quarterly result, the company’s profit has shot up to Rs 933 crore, driven by a deferred tax write-back and strong growth in Gujarat Gas. The company has reduced its debt from Rs 5,386 crore in March 2018 to Rs 3,383 crore in September 2019.

Who supplies gas to Gujarat Gas?

GSPC will imported gas in its liquid form (called liquefied natural gas or LNG) at either Dahej or Hazira and supply the fuel to GGCL.

Is MGL a debt free company?

Company is virtually debt free. Company has a healthy Interest coverage ratio of 116.87. The Company has been maintaining an effective average operating margins of 32.31% in the last 5 years. The company has an efficient Cash Conversion Cycle of -51.77 days.

Why is IGL share price falling?

Indraprastha Gas shares fall over 6% as Street unhappy with revenue miss in quarterly earnings. Shares of Indraprastha Gas Limited (IGL) on Thursday fell as much as 6.2 percent to Rs 364.6 in early trade on the back of the company missing revenue estimates in its recently posted quarterly earnings.

Is Gujarat Gas a good buy for long term?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gujarat Gas Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the price of 1 unit of Gujarat Gas?

The company increased CNG prices across Gujarat by Rs 2.68 per kg to Rs 60.78 a kg (including taxes) from Rs 58.10 per kg. The new rate is effective from October 16. GGL caters to about 7 lakh CNG customers through its network of 450-odd CNG stations across Gujarat.

Is Gujarat Gas a govt company?

Why did Mahanagar Gas stock fall?

Shares of city gas distribution (CGD) companies, Indraprastha Gas (IGL) and Mahanagar Gas (MGL) hit their respective 52-week lows on the BSE in Wednesday’s intra-day trade after the companies reported a disappointing set of numbers for the quarter ended December 2021 (Q3FY22) and amid concerns of aggressive influx of …

Why Gujarat Gas share price rose 3 percent on December 21?

Gujarat Gas share price rose 3 percent in the morning trade to Rs 631.60 on December 21 after foreign research firm Jefferies maintained a “buy” rating and kept the target price at Rs 830 a share

Does Gujarat Gas close above its moving average today?

Gujarat Gas closes above its 30-Day,50-Day,150-Day Moving Average today. This represents current trend. Click here for disclaimer. We take the quality of the messages posted on forum as seriously as our articles.

What is NETnet sales of Gujarat Gas?

Net Sales (Rs.) Gujarat Gas (formerly Gujarat Gas Company) is engaged in processing, transmission, and distribution of natural gas. It supplies gas to industrial, commercial and domestic customers.

When was the last time Gujarat Gas stock split?

Gujarat Gas had last split the face value of its shares from Rs 10 to Rs 2 in 2018. The share has been quoting on an ex-split basis from January 15, 2019. Splits History (Gujarat Gas) Source : Dion…