Motilal Oswal - MOSL: Morning India (20/April/17)-1. Gujarat Gas-Long road ahead-2. IndusInd Bank; 3. Yes Bank; 4. Nestle (AR) 5. Metals Weekly

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Motilal Oswal

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MOSL: Morning India (20/April/17)-1. Gujarat Gas-Long road ahead-2. IndusInd Bank; 3. Yes Bank; 4. Nestle (AR) 5. Metals Weekly

â€‹MOrning India (20/April/17): 1. Gujarat Gas - Long road ahead; 2. IndusInd Bank; 3. Yes Bank; 4. Nestle (AR); 5. Metals Weekly

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Todayâ€™s top research idea

Gujarat Gas: Long road ahead

â€‹The long-term opportunity for GUJGA is sizable, given just 18% penetration in the PNG-domestic segment and 30% penetration in the CNG segment, coupled with possible regulatory push.
Combined pre-merger peak sales were 8-9mmscmd. Morbi, the largest industrial cluster itself has a potential of ~6mmscmd against which GUJGA is doing ~2.5mmscmd currently.
However, 68% volume exposure to the industrial segment makes both volume and EBITDA highly volatile for GUJGA, resulting in much lower valuation multiple than Indraprastha Gas (IGL) and Mahanagar Gas (MAHGL).

Piping hot news

Indian IT industry sees red as H-1B visa window gets smaller

An executive order signed by US President Donald Trump on Wednesday (Indian time) to protect American industry, has also targeted Indian information technology services firms, who depend on H-1B visas to send engineers to work on projects to the US.

20/04/2017 28 EN

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MOSL: Morning India (20/April/17)-1. Gujarat Gas-Long road ahead-2. IndusInd Bank; 3. Yes Bank; 4. Nestle (AR) 5. Metals Weekly

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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