Keep buying on Indraprastha Gas with a target price of Rs 135.The revenue growth of 14.6% YoY (QoQ growth of 3.0%) to Rs 1,882 million. expectaion of CNG sales volume growth of 13.0% YoY, which is likely to be the main growth driver as it accounts for around 90% of total sales. Overall, the net profit is expected to increase by 16.7% YoY to Rs 467 million translating in to EPS of Rs 3.3 during the quarter.
Wednesday, June 11, 2008
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