Buy Large, Mid Cap PSU Gas Stocks As Shares Likely To Soar, Recommends JM Financial

JM Financial has suggested investors to buy 2 leading large cap and mid cap gas stocks for attractive return. These 2 gas stocks are GAIL (India) Ltd and Gujarat State Petronet Ltd. If you buy these 2 stocks now, you can get potential return of 25%. Check details below:

1. Buy GAIL (India) Ltd

JM Financial has suggested investors to buy Maharatna stock, GAIL (India) Ltd with a target price of Rs 120 apiece. If you buy GAIL (India) Ltd now, you can get potential return of 14%. Last trading price of GAIL (India) Ltd is Rs 105.25. The stock's 52-week high is Rs 115.69 apiece and 52-week low is Rs 83.00 apiece, respectively. The company has a market capitalisation of Rs 69,202.92 crore.

GAIL (India) delivered 13% return in last 1-month, 12% in last 3-months, and fell less than 1% in last 1-year. It rallied 16% in last 6-months and gave 52% return in last 3-years.

GAIL for the quarter ended December 31, 2022 declared its consolidated total income at Rs 36,334.20 crore, down 6.65 % from last quarter total income of Rs 38,921.38 crore. It declared its net profit after tax at Rs -151.51 Crore in latest quarter.

2. Buy Gujarat State Petronet Ltd

The analyst has suggested investors to buy Gujarat State Petronet Ltd (GSPL) with a target price of Rs 345 apiece. Current market price of GSPL is Rs 277.10 apiece. If you buy GSPL shares now, you can get likely return of 25%.

The company has a market capitalisation of Rs 15,634.30 crore. The stock rallied 6% in 1-month, 5% in last 3-months, 16% in last 6-months, and a little less than 1% in last 1-year. It gave 17% return in last 3-years.

GSPL for the quarter ended December 31, 2022 declared its consolidated total income at Rs 4,039.75 crore, down 9.58 % from last quarter total income of Rs 4,467.79 crore. Meanwhile, the net profit after tax in the latest quarter is declared at Rs 540.42 crore.

 

Disclaimer

The stocks has been picked from the brokerage report of JM Financial. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.