Gujarat Gas Share price: HDFC Securities recommends buy with price target of Rs 404
Gujarat Gas Q3 FY21 EBITDA/APAT was 27/40% above HDFC Securities estimates owing to, higher-than-expected per unit gross margin, 16% higher-than- anticipated volumes at 11.45mmscmd, lower-than-anticipated depreciation and finance cost, offset by a higher than expected tax outgo.
HDFC Securities raised their FY21/22E EPS estimate by 17.1/8.0% each to Rs 18.8/20.1 to factor in better than expected volumes and the overall performance in 9M FY21: Reuters