CosmicTaco

ICICI Securities Recommends Gujarat Gas

CosmicTaco · 2024-09-03T11:01:32.483519+05:30

- **ICICI Securities** has issued a buy call on **Gujarat Gas** with a target price of Rs 755, while the current market price is Rs 671. - **Gujarat Gas Ltd.**, a Mid Cap company in the **Gas & Petroleum** sector, reported a **Consolidated Total Income** of Rs 4488.85 Crore for the quarter ended 30-06-2024, up 7.77% from the previous quarter. - The company achieved a **net profit after tax** of Rs 329.78 Crore in the latest quarter. - **Promoters** hold a 60.89% stake in the company, while **FIIs** own 4.31% and **DIIs** 14.75% as of 30-Jun-2024. - **Motilal Oswal** also has a buy call on **Grasim Industries** with a target price of Rs 3160, and the current market price is Rs 2690.

ICICI Securities has issued a buy call on Gujarat Gas with a target price of Rs 755, while the current market price is Rs 671.
Gujarat Gas Ltd., a Mid Cap company in the Gas & Petroleum sector, reported a Consolidated Total Income of Rs 4488.85 Crore for the quarter ended 30-06-2024, up 7.77% from the previous quarter.
The company achieved a net profit after tax of Rs 329.78 Crore in the latest quarter.
Promoters hold a 60.89% stake in the company, while FIIs own 4.31% and DIIs 14.75% as of 30-Jun-2024.
Motilal Oswal also has a buy call on Grasim Industries with a target price of Rs 3160, and the current market price is Rs 2690.