Buy Indraprastha Gas, target price Rs 570: Edelweiss
Edelweiss NSE 0.43 % has buy call on Indraprastha Gas with a target price of Rs 570.0. The current market price of Indraprastha Gas Ltd. is Rs 511.1.
Indraprastha Gas Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 35777.04 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1440.74 Crore, up 125.62 % from last quarter Sales of Rs 638.57 Crore and down -14.87 % from last year same quarter Sales of Rs 1692.45 Crore. Company reported net profit after tax of Rs 351.61 Crore in latest quarter.
