GUJGASLTD

GUJGASLTD(Gujarat Gas Limited)

13.01.2023 - Jefferies on GUJGASLTD Maintain Underperform CMP 473 Target 400
11.11.2022 - MS on GUJGASLTD Maintain Underweight CMP 481.35 Target 466
11.11.2022 - CLSA on GUJGASLTD Maintain Sell CMP 481.35 Target 420
30.09.2022 - MS on GUJGASLTD Maintain Underperform CMP 506 Target 466
21.09.2022 - UBS on GUJGASLTD Maintain Buy CMP 504 Target 400
12.09.2022 - CITI on GUJGASLTD Maintain Positive CMP 511.35 Target 580
23.06.2022 - MS on GUJGASLTD Maintain Buy CMP 409.6 Target 650
17.06.2022 - CS on GUJGASLTD Maintain Underperform CMP 424 Target 380
08.06.2022 - UBS on GUJGASLTD Maintain Sell CMP 526.1 Target 400(PREVTGT 550)
11.05.2022 - CS on GUJGASLTD Maintain Underperform CMP 507 Target 380
11.05.2022 - CLSA on GUJGASLTD Maintain Sell CMP 507 Target 495(PREV TGT 510)
11.05.2022 - JEFFERIES on GUJGASLTD Maintain Buy CMP 507 Target 700
11.05.2022 - CITI on GUJGASLTD Maintain Buy CMP 507 Target 630(PREV TGT 680)
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

MACQUARIE ON GUJARAT GAS : 02.06.2021

* MAINTAIN NEUTRAL TARGET: 500
* Macquarie has a Neutral rating on Gujarat Gas despite Q4 earnings meaningfully ahead of estimates
* Q4 Meaningfully Ahead Of Estimates
* Q4 Led By Slightly Higher Volume & Better-than expected Margin
* Unit EBITDA Healthy At *5.10/scm Despite A Spike In Spot LNG Prices

CLSA ON GUJARAT GAS : 02.06.2021

* CLSA downgrades Gujarat Gas to Outperform from Buy as it finds limited margin & valuation tailwinds going forward
* DOWNGRADE OUTPERFORM TARGET: 570
* Strong Quarter But Limited Margin & Valuation Tailwinds Ahead
* Raise FY22-23 EPS Estimates By 5-12%
* Co Now Trades At 17% Discount To IGL's PE