FUNDAMENTAL ANALYSIS SCRIPT 1
Indraprastha Gas Ltd
TARGET - 550
Opportunity to make 50% Return
Stock Crash more then 45% in last 2 months.
Currently Stock is trading at corona level.
Current PE Ratio - 14.2
Last 10 Year Average PE Ratio - 24
PE Ratio at corona crash - 22
Currently Stock is trading at Lowest valuation.
Leading player in City Gas Distribution
Company is almost debt free.
Company has delivered good profit growth of 18.4% CAGR over last 5 years
Company is also venturing into the electric vehicle charging segment and is planning to commission 50 stations during FY 2023-24 for battery swapping mode.
HTF monthly as well as weekly TF seems bearish or breakdown. so kindly wait for atleast D TF bullish shift then accumulate.....
TARGET - 550
Opportunity to make 50% Return
Stock Crash more then 45% in last 2 months.
Currently Stock is trading at corona level.
Current PE Ratio - 14.2
Last 10 Year Average PE Ratio - 24
PE Ratio at corona crash - 22
Currently Stock is trading at Lowest valuation.
Leading player in City Gas Distribution
Company is almost debt free.
Company has delivered good profit growth of 18.4% CAGR over last 5 years
Company is also venturing into the electric vehicle charging segment and is planning to commission 50 stations during FY 2023-24 for battery swapping mode.
HTF monthly as well as weekly TF seems bearish or breakdown. so kindly wait for atleast D TF bullish shift then accumulate.....
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