India's Gujarat State Petronet rises on block deals

Indraprastha Gas

20/03/2024 09:21

** Shares of Gujarat State Petronet  GSPT.NS  up 1.7% at
344.70 rupees, after rising as much as 3%
    ** Around 2 mln shares traded in five separate block deals
in the range of 341.20-345 rupees - LSEG data
    ** Trading vol 1.6x the 30-day daily avg
    ** Avg rating of 22 analysts is equivalent of "buy," median
PT is 395 rupees - LSEG data    
    ** Peers Indraprastha Gas  IGAS.NS  and Mahanagar Gas
 MGAS.NS  too have "buy" rating, while Gujarat Gas  GGAS.NS  is
rated "hold" - LSEG data
    ** Stock up ~12% YTD vs ~1% rise in Nifty 500 index
 .NIFTY500 





 (Reporting by Ashish Chandra)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))