Top PSU stock to buy: Brokerage sees 50% upside! Gujarat Energy shares gain 2% as profit surges 26% - Check target price
PSU stock to buy, Nov. 9 -- Shares of Gujarat Energy Limited soared during Monday's intraday trading session after the announcement of second quarter results for the financial year 2026-27. The company reported 21.94% year-on-year growth during the second quarter of financial year 2026-27.
Gujarat Energy share price surged nearly 2% to touch intraday high levels on Monday, and has delivered 5.65% return over the past one week.
The company's net profit and revenue were in-line with expectations, according to Motilal Oswal Financial Services Limited (MOFSL). Its city gas distribution (CGD) volumes were 12% above estimates. Additionally, CNG volume was also above estimates. The brokerage remained bullish on the stock highlighting the compa...
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