Current Market Price: INR 308.10
GSPL (Gujarat State Petronet Ltd) sales has increased to 3767 crores from 3283 crores QoQ showing significant improvement in result.
However, net profit has decreased from 470 crores to 417 crores QoQ.
Overall, expected net revenue for the upcoming quarter remains uncertain due to the current second wave of the COVID-19 Pandemic.
In our opinion, the stock should be held until a clear future of the company’s expected earnings are clear.
In our opinion, our analysis of the share shows an expected share price of greater than INR 350 per share.
Our Stance : HOLD