ICICI Securities Picks 4 Quality Stocks From Oil & Gas Sector, Suggests Buy, Sees Strong Upside

ICICI Securities in its recent report on Oil & Gas and Petrochemicals sector, the brokerage lists 4 high-quality stocks from the sector with a "Buy" call. These 4 stocks are Gujarat State Petronet Ltd (GSPL), GAIL (India) Ltd, Mahanagar Gas Ltd (MGL), and Indraprastha Gas Ltd (IGL). Here are the key highlights of the stocks:

Gujarat State Petronet Ltd (GSPL)

ICICI Securities has assigned a target price of Rs 390/share to the stock of GSPL with a "buy" call. The stock is likely to give 39% robust return if purchased at the Current Market Price. It is a midcap stock having Rs 15,910 .76 crore market valuation.

The stock is currently trading at Rs 282.05/share on NSE, up 1.44%. Its 52 week low is Rs 209.45/share and 52 week high is Rs 294/share, respectively.

The stock has given a healthy return in the past 5 years. It gained 3.63% in 1 week, and 6.46% in 1 month, respectively. It moved up 1.2% in 1 year. In the past 3 years, it gave 21.08% and in 5 years it gave 38.2%, respectively.

 

GAIL (India) Ltd

The brokerage has assigned a "Buy" on the stock of Gail (India) with a target price of Rs 122/share. It claims a potential upside of 18% from its current level. It is a large-cap Maharatna PSU stock having a market valuation of Rs 68,611.16 crore.

The stock is currently trading at Rs 104.10/share, 0.63% up. Its 52 week low is Rs 83/share and 52 week high is Rs 115.67/share, respectively.

The stock has performed well in the past 3 months. It gained 9.04% in 1 week, 5.24% in 1 month and 11.9% in 3 months, respectively. It gave 16.12% positive return in 1 year and 45.81% positive return in 3 years, respectively. However, it has fallen 8.68% in 5 years.

Mahanagar Gas Ltd (MGL)

ICICI Securities assigned a target price of Rs 1,050/share to the stock of MGL with a "Buy" call. by the. The stock is likely to surge up to 21% considering the given target price and the current market price. It has a market valuation of Rs 8,580.33 crore.

Its current market price on NSE is Rs 871.75/share, 1.01% down from its previous close of Rs 880.65/hare. Its 52 week low is Rs 665.80/share and 52 week high is Rs 931.70/share, respectively.

It has fallen 2.12% in 1 week, however, it gained 2.36% in 1 month. It gained 24.06% in the past 1 year. It declined 18.01% in 3 years and 16.82% in 5 years, respectively.

 

Indraprastha Gas Ltd (IGL)

ICICI Securities recommends "Buy" stock of IGL with a target price of Rs 535/share. The stock is likely to give a healthy return of 24% if purchased at the current market price. It is a midcap stock having a market capitalisation of Rs 30,345.03 crore.

The stock is currently trading at Rs 434.45/share, down 0.87% from its previous close of Rs 438.25/share. Its 52 week low is Rs 321/share and 52 week high is Rs 452/share, respectively.

The stock has fallen 0.39% in 1 week and gained 3.97% in 1 month. It gained 26.27% in 1 year. However, it declined 4.7% in the past 3 years. It gained 42.37% in 5 years.

 

Disclaimer

The stocks have been picked from the brokerage report of ICICI Securities. 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 consult with certified experts before making any investment decision.