13 Nov 2025 | 3 Mins Read
Petronet Gujarat target maintained at Rs 311: Motilal Oswal
Flipitmoney
Gujarat State Petronet's (GUJS) 2QFY26 revenue/EBITDA were 9%/13% below estimates at INR2.3b/INR1.7b due to 8% lower volumes, 28.5mmscmd. Weak demand from refining, petchem, and power sectors persists. The brokerage maintains a Neutral rating with a target price of INR311 based on an announced share swap ratio.