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332.50% dividend in FY23: This gas PSU stock gets ‘Buy’ call – Check target price

Gujarat Gas Share Price Target 2024, Gujarat Gas Dividend: Natural gas distribution company Gujarat Gas Limited has announced that its board of directors will meet on May 6 to consider dividends for the financial year 2023-24. The company will also consider and approve the standalone and consolidated audited financial results for the quarter and financial year ended on March 31, 2024.

Gas PSU stock

Brokerage firm Motilal Oswal has given a target price of Rs 675 per share.

Another brokerage firm, JM Financial Research, too has given a ‘BUY’ with a target price of Rs 590 in a period of 12 months.

Gujarat Gas Share Performance

Shares of Gujarat Gas have given a positive return of 273 per cent in five years. However, the return offered by Gujarat Gas shares is 19.66 per cent in six months and 7.82 per cent in one year.

Earlier on Monday, shares of Gujarat Gas Ltd ended the session at Rs 541.90 apiece. According to the BSE, the 52-week high price of Gujarat Gas stock is Rs 620.60 apiece and the 52-week low price is Rs 397.20 apiece.

Gujarat Gas Dividend History

The PSU company announced a dividend of Rs 6.65 per share in FY23. This translates into a 332.50 per cent dividend. Check the history of dividends announced by the company below.

 

EX Date Amount (₹)
11 Sep 2023 6.65
19 Aug 2022 2
8 Sep 2021 2
9 Sep 2020 1.25
12 Sep 2019 1
18 Sep 2018 4
20 Sep 2017 3
21 Sep 2016 2.5
17 Dec 2015 5
JAYDEV VISHWAKARMA
JAYDEV VISHWAKARMAhttps://satnatimes.in/
पत्रकारिता में 4 साल से कार्यरत। सामाजिक सरोकार, सकारात्मक मुद्दों, राजनीतिक, स्वास्थ्य व आमजन से जुड़े विषयों पर खबर लिखने का अनुभव। Founder & Ceo - Satna Times
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