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'Buy' Gujarat Gas, Maintains Motilal Oswal, Sees Weaker Crude, Lower Slope As The Twin Emerging Tailwinds
Gujarat Gas’ valuations have corrected 34% over the past six months, and the stock now trades at 23x 1-yr fwd P/E, slightly below its long-term average, says Motilal Oswal
09 Apr 2025, 09:37 AM IST 
Gujarat Gas’ valuations have corrected 34% over the past six months, and the stock now trades at 23x 1-yr fwd P/E, slightly below its long-term average, says Motilal Oswal
(Photo Source: Company website)
Gujarat Gas’ long-term volume growth prospects remain robust, with the addition of new industrial units and expansion of existing units. It is aggressively investing in infrastructure to push industrial gas adoption in Thane rural, Ahmedabad rural, and the newly acquired areas in Rajasthan.
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