Reasons for buying:
Buy PE was reasonable at 9.11 and below 10 years PE median of 11.76.
The 5-year earnings average is 28.08% and earnings increasing since 2012 except in 2014, 2016, and 2021.
Return on equity is good at 28.5% but the 5-year average is 35.73%.
The market cap of the company is ₹14,923.39 Cr.
The debt of the company is ₹1,923.31 Cr with ₹649.60 Cr in cash.
Buy date: 27-Apr-2022
Qty: 38 Buy Price: ₹261.6 Buy EPS: 28.7 Buy PE: 9.11
I will stop buying when EPS drops to 13.08 but will add 10k if the price drops to ₹235.
Gujarat State Petronet is a regulated Indian natural gas utility company of which the largest shareholder is a state-owned oil and gas exploration company, Gujarat State Petroleum Corporation. Gujarat State Petronet is primarily involved in the provision of natural gas, compressed natural gas, and liquified natural gas transmission services in the Wear Indian state of Gujarat through its pipeline network. The company derives the vast majority of its sales from service fees relating to the transportation of gas to domestic, industrial, and commercial customers, With its many subsidiaries and associate firms, such as Gujarat Gas, Gujarat state Petronet is one of the largest gas distributors in India.
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