332.50% dividend in FY24: 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.

Gujarat Gas Share Price Target 2024

Ahead of the scheduled meeting, brokerage firms have given a 'BUY' call on Gujarat Gas shares. 

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 FY24. This translates into a 332.50 per cent dividend. Check the history of dividends announced by the company below.