09.02.2022 - Jefferies on Gujarat Gas Maintain Buy CMP 667.70 Target 830(PREVTGT 860)
09.02.2022 - CS on Gujarat Gas Maintain Neutral CMP 667.70 Target 635
21.12.2021 - Jefferies on Gujarat Gas Maintain Buy CMP 611 - Target Rs.830
UBS on Guj Gas - 30.08.2021
Sell, TP Raised to Rs 550 from Rs 330
Rising risk to earnings despite recent price hikes
See significant downside to near-term margins & potential headwinds to vol growth
Lower margin expectations drive below-consensus earnings
MORGAN STANLEY ON GUJARAT GAS : 22.06.2021
• Maintain Overweight, Target at Rs 733/share
* Believe share price to rise in absolute terms over next 45 days
* Gujarat Gas is the best play on rising domestic gas production
* This coincides with its expansion in new cities & network expansion
* Estimate a 22% volume CAGR F21-24E
* Should drive earnings to double in the next three years
• Stock trades at 23x F23E PER, which is compelling
MS ON GUJARAT GAS : 18.06.2021
* Morgan Stanley has to say about Gujarat Gas
• See Better Pricing Power For Industrial Sales, Higher Penetration Should Help Margin
• Upside From Improving Domestic Gas Supplies Should Stabilise Margin Volatility
* MAINTAIN OVERWEIGHT TARGET: 733
