Rs 5 dividend stock: Quarterly net profit of this PSU rises 22% - Buy or Sell?

GSPL Share Price Target: Gujarat government-run public sector undertaking (PSU) GSPL or Gujarat Gas Petronet Ltd. has reported a 22.2 per cent year-on-year (YoY) jump in net profit at Rs 663.1 crore for the fourth quarter of the financial year 2024. The PSU has also recommended a dividend of Rs 5 per equity share of face value of Rs 10 each for FY 2023-24.

GSPL or Gujarat Gas Petronet Ltd. Share Price today

The shares of Gujarat Gas Petronet opened in green at Rs 297.35 - with a gain of 1.20 per cent from the previous close of 293.45 - on the BSE even as benchmark indices declined on Thursday morning. While the Sensex declined 209.6 points to 73,256.79 in early trade, the Nifty went down by 77.7 points to 22,224.80. However, shares lost early gains amid selling pressure and last seen were trading at Rs 290.

GSPL or Gujarat Gas Petronet Ltd. Share Price Target

International brokerage firm CLSA has decided to upgrade GSPL to 'Outperform' from 'Sell' with a target price of Rs 330.

Earlier, brokerage firm Motilal Oswal gave a 'Buy' call to Gujarat State Petronet Ltd share with a target price of Rs 450. 

GSPL or Gujarat Gas Petronet Ltd. Dividend History

Earlier, the Gujarat State Petronet announced the final dividend of Rs 5 in September 2023. Here's the history of dividends announced by the company.

GSPL or Gujarat Gas Petronet Ltd. Share Price History

The shares of GSPL have given a return of over 65.56 per cent in the last five years. The counter has gained over 6.05 per cent in one year. In ten years, the scrip has given a return of 296.85 per cent.