Gujarat Gas Ltd
GUJGASLTD

660.30

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

660.75

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Turnover (lac)
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Buy
Reco. Price
Rs 624.30
We recommend BUY on the stock on account of expansion in the distribution network in new areas. Pipeline connectivity started in rural Thane region will add to the volume growth. The stock is trading at a EV/EBITDA of 11.5x in FY16. We target EV/EBITDA of 11.96x in FY17E. (Target Price: Rs. 710)
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50 DMA (.)
567.09
100 DMA (.)
561.35
200 DMA (.)
567.10
Weekly Range (.)
615.50
633.00
Monthly Range (.)
562.20
637.80
52 Weeks Range (.)
470.00
690.00
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