Gujarat Gas – Targets can be achived in a week...

Gujarat Gas Ltd:

Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 21126.69 Crore) operating in Gas & Petroleum sector.

CMP (26.06.2020)        :           Rs 306.90

Target                           :           Rs 340.00

Stop Loss                      :           Rs 286.00

Duration                       :           1 week

Gujarat Gas Ltd. key Products/Revenue Segments include Gas Natural which contributed Rs 7927.55 Crore to Sales Value (99.56 % of Total Sales) and Other Operating Revenue which contributed Rs 34.93 Crore to Sales Value (0.43 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-03-2020, the company has reported a Consolidated sale of Rs 2666.63 Crore, up 3.99 % from last quarter Sales of Rs 2564.25 Crore and up 39.79 % from last year same quarter Sales of Rs 1907.55 Crore Company has reported net profit after tax of Rs 251.42 Crore in latest quarter.

 

This is a continuous dividend pay-out stock and recently it was announced 62.5% dividend for its shareholders.

 

The promotors are holding 61% of its shares and Foreign institutions, Mutual funds and other institutional investors are holding more than 33% shares in the company. Only 5.37% shares are only with General public.

Technical Analysis:

This Stock has given multiple breakouts on multiple time frame including four hourly, daily and weekly charts which suggest stock is bullish on all time frames.

Strong volume activity is witnessed at the time of breakout.

Momentum indicator RSI and MACD are ranging in positive territory. 

Lets start pick up the stock from the first day of the trade and get the fruits before the end of the week.

Note: The analysis is based on the information received from the company fundamentals and its technical trends. Investing in securities always depending upon the market conditions and risk. 

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