wealth creator stock

GAS AUTHORITY OF INDIA:

One of the navratnas of Indian PSU's this company is involved in exploration,transportation and retailing of natural gas.For the year ended 06 the company clocked a turnover of Rs.16000 crores and a net profit of Over Rs.2000 crores.On a equity of Rs.845 crores the eps is over Rs.25.The company has created a huge infrastructure for gas transmission across the country for supplying natural gas to industries and retail consumer.The company is aggresively pursuing gas exploration and also has a slew of subsidaries to cater to the retail consumer through Indraprastha Gas in NCR (delhi),Mahanagar Gas Nigam(mumbai).It is also one of the companies in the Oil and Gas Sector which is least affected by the subsidy sharing scheme of the central government.

On the current price of Rs.250-Rs.260 the dividend yield works out to 3.85%.

Solid financial and a growth sector this stock should multiply in the next 3-5 years atleast 3-4 times.