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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.