BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Open|| Long (1Y)
HDFC Securities Recommends Buy On Gujarat Gas
Rising demand for piped natural gas (PNG) from industrial users augurs well for Gujarat Gas, according to HDFC Securities. GGL derives about 72 per cent of its sales volumes from the industrial segment vs 12 per cent for Indraprastha Gas (IGL) and 14 per cent for Mahanagar Gas (MGL) and hence is best placed to benefit from the higher growth of industrial volumes, the brokerage added.