Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Money / BRICS Securities recommends GSPL
BackBack

BRICS Securities recommends GSPL

BRICS Securities recommends GSPL

Premium


GSPL reported a 146 % increase in profits for Q1FY10 to Rs805 million. Earnings came in higher than our estimates on higher volumes and higher average pipeline tariffs, which management believes are sustainable for FY10E.

We are increasing our tariff estimates, because of which our FY10E earnings increase from Rs4.3 to Rs7.3 and DCF value rises from Rs51/share to Rs79/share.

Given the discount to out revised DCF value, we are changing our rating on GSPL from Sell to BUY.

Click here for a detailed report

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 28 Jul 2009, 09:51 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App