Buy Indraprastha Gas, target Rs 305: Kunal Bothra

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Independent analyst Kunal Bothra has a buy call on Indraprastha Gas with a target price of Rs 305.

The current market price of Indraprastha Gas is Rs 294.60.

Time period given by the analyst is Intra Day when Indraprastha Gas price can reach the defined target.

Kunal Bothra recommended keeping a stop loss at Rs 285.

Indraprastha Gas, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 20,622.02 Crore) operating in Chemicals sector.

The company’s top management includes Dr.Sudha Sharma, Mr.E S Ranganathan, Mr.Manoj Jain, Mr.Raghu Nayyar, Mr.S Ramesh, Mr.S S Rao, Mr.Santosh Kumar, Mr.V Nagarajan, Mr.V Ranganathan, Mrs.Varsha Joshi.

The company has Walker Chandiok & Co. LLP as its auditors.

As on 31-12-2017, the company has a total of 700,000,800 shares outstanding.

Source: Economic Times