Company Review: Gujarat State Petronet

Company Review: Gujarat State Petronet
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First Published: Wed, Jul 08 2009. 10 20 AM IST

Updated: Wed, Jul 08 2009. 10 20 AM IST
We are upgrading our FY10 and FY11 earnings estimates by 32% and 19% respectively due to changes in our volume and tariff assumptions. The company will also benefit from tax incentives awarded for gas pipelines in Budget 2009.
We are, however, maintaining our SELL rating, as the stock trades close to our DCF value and at a premium to peers.
Click here to read a detailed report
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First Published: Wed, Jul 08 2009. 10 20 AM IST
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