Gujarat Gas Ltd
GUJGASLTD

844.65

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

842.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Buy
Reco. Price
Rs 839.00
We recommend BUY on the stock on account of expansion plans supported by increasing crude oil prices. Further, its focus on city gas distribution (CGD) network is expected to drive sales growth. The stock is trading at P/E of 17.1x on FY19E earnings. (Target Price – Rs.940)
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50 DMA (.)
724.97
100 DMA (.)
637.66
200 DMA (.)
612.46
Weekly Range (.)
825.55
865.00
Monthly Range (.)
752.30
881.00
52 Weeks Range (.)
470.00
881.00
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