TheScreener - Gujarat State Petronet (GSPL) Increased risk weighs on GUJARAT STATE PETRONET, penalising its rating down to Neutral

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Increased risk weighs on GUJARAT STATE PETRONET, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of GUJARAT STATE PETRONET (IN), active in the Pipelines industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date February 22, 2022, the closing price was INR 278.65 and its target price was estimated at INR 255.41.

23/02/2022 1 EN

Underlying

Gujarat State Petronet

Gujarat State Petronet Limited (GSPL) is a natural gas infrastructure and transmission company engaged in gas transportation business. The Company is engaged in transmission of natural gas through pipelines on an open access basis from supply points to demand centers. It also generates electricity through windmills. Its segments include Gas Transportation and Windmill. It develops energy transportation infrastructure and connects natural gas supply sources, including liquefied natural gas (LNG) terminals to various markets. It has set up a 52.5 megawatt (MW) Wind Power Project at Maliya Miyana (District-Rajkot), Gorsar, and Adodar (District-Porbandar). Its subsidiaries include GSPL India Gasnet Limited, which is engaged in development of Mehsana-Bhatinda and Bhatinda-Jammu-Srinagar pipeline projects, and GSPL India Transco Limited, which is engaged in the development of Mallavaram-Bhopal-Bhilwara-Vijaipur Pipeline Project. It serves various industries, such as power and fertilizer.

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INE246F01010 National Stock Exchange of India India

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Increased risk weighs on GUJARAT STATE PETRONET, penalising its rating down to Neutral

Empowering Investors

MOSL: GUJARAT STATE PETRONET: Volume dip offset by strong tariff

MOSL: GUJARAT STATE PETRONET (Buy)-Volumes strong, to be even stronger from here on

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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