Buy Gujarat Gas Ltd & Mahanagar Gas Ltd

Buy Gujarat Gas Ltd & Mahanagar Gas Ltd

Gujarat Gas Ltd (GGAS):

Gujarat Gas Ltd (GGAS) has officially announced a consolidated sales of Rs. 1,082.92 Cr for the quarter ended on 30-06-2020, which is 59.39%, down from its previous quarter sales of Rs. 2,666.63 Cr and 58.58%, down from its previous year same quarter sales of Rs. 2,614.61 Cr. The firm has also announced its net profit after tax of Rs. 58.68 Cr in the most recent quarter.

Outlook:

Gujarat Gas Ltd (GGAS) is a buy call with a target of Rs. 360.

Mahanagar Gas Ltd (MGAS):

Mahanagar Gas Ltd (MGAS) has officially announced a consolidated sales of Rs. 277.47 Cr for the quarter ended on 30-06-2020, which is 63.14%, down from its previous quarter sales of Rs. 725.67 Cr and -63.37%, down from its previous year same quarter sales of Rs. 757.49 Cr. The firm has also announced its net profit after tax of Rs. 45.25 Cr in the most recent quarter.

Outlook:

Mahanagar Gas Ltd (MGAS) is a buy call with a target of Rs. 1,200.

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