IGL share price: Buy Indraprastha Gas, target price Rs 720: HDFC Securities
HDFC Securities has buy call on Indraprastha Gas with a target price of Rs 720. The current market price of Indraprastha Gas is Rs 537.65.
Time period given by analyst is one year when Indraprastha Gas Ltd. price can reach defined target.
Indraprastha Gas Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 37576.04 Crore) operating in Gas & Petroleum sector.
Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2020.
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1410.32 Crore, down -18.87 % from last quarter Total Income of Rs 1738.30 Crore and up 110.75 % from last year same quarter Total Income of Rs 669.20 Crore. Company reported net profit after tax of Rs 244.29 Crore in latest quarter.
Promoters held 45 per cent stake in the company as of June 30, 2021, while FIIs held 23.9 per cent, DIIs 14.8 per cent and public and others 16.3 per cent.
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