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Gujarat State Petronet Q3 Review - Systematix Maintain 'Hold' On The Stock, Lowers Target Price — Here's Why
Systematix retains target price to Rs 353 from earlier Rs 364, and maintains Hold rating on the stock.
10 Feb 2025, 10:29 AM IST 
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Gujarat State Petronet Ltd.'s revenue declined 53% YoY (1% QoQ) to Rs 2.6 billion (versus our estimate of Rs 2.8 billion).
(Source: Company website).
Few months back, Gujarat State Petroleum Corporation group announced plans to restructure Gujarat State Petronet into Gujarat Gas (merger ratio 10:13) and a pure play gas transmission unit named “GSPL Transmission” to be carved out separately. This move is designed to provide a streamlined and focused operational outlook, ensuring transparency and delivering added value for shareholders.
