HSIE Results Daily: Asian Paints, Godrej Consumers, Eicher Motors, Aditya Birla Capital
Asian Paints: Asian Paints’ top line grew 11.3% YoY (four-year CAGR: 15%), marginally short of expectations (var: -1.6%). The decorative business...
326 Views
Gujarat Gas (Results Review 4QFY23) - Volume Growth Offset Margin Weakness.
Our ADD recommendation on Gujarat Gas (GGL), with a price target of INR 510, is premised on (1) volume growth of only ~8% CAGR over FY23-25E...
346 Views
Gujarat Gas - Muted Volume Outlook in near Term…
Gujarat Gas is one of India’s largest city gas distribution companies with highest sales volume among listed peers. Sales volume grew at 15% CAGR...
406 Views
India City Gas Sector - Weathering the ‘Perfect Storm’
City Gas Distribution (CGD) companies, Indraprastha Gas (IGL), Gujarat Gas (GGL), and Mahanagar Gas (MGL) have corrected by 26-29% over the last 12...
179 Views
HSIE Results Daily: Gujarat Gas, Aditya Birla Capital, Brigade Enterprises
Margin beat was driven by lower-than-expected gas cost due to lower offtake of expensive spot LNG gas by industrial/commercial customers, lower...
174 Views