Gujarat Energy shares rise 2% after profit jumps 21.9%
In short
Gujarat Energy shares rose nearly 2% after the company said second-quarter net profit climbed 21.9% to ₹639.27 crore. Motilal Oswal kept its Buy rating and set a ₹325 target price.
The stock move matters because the brokerage sees more upside if the company keeps growing its gas business.
What the reporting says
Gujarat Energy shares rose nearly 2% after the company reported a 21.9% year-on-year rise in second-quarter net profit to ₹639.27 crore. Motilal Oswal kept its Buy rating and ₹325 target price, citing strong gas distribution growth and other business strengths. The brokerage view points to further upside if those drivers continue.
Why it matters
Gujarat Energy shares gained nearly 2% after the company reported second-quarter net profit of ₹639.27 crore, up 21.9% year on year. Motilal Oswal maintained a Buy rating and a ₹325 target price, pointing to gas distribution growth and other strengths. The move matters for investors in the stock and for broader PSU market sentiment.