Shares of Gujarat Gas rose by 6.5% to hit Rs. 593 despite reporting a 16% YoY fall in net profit. The company's Q4 revenue was at Rs. 4,073.82 crores, a YoY decline of 14%. Gujarat Gas declared a dividend of Rs. 6.5 per equity share. Several analysts reiterated a buy rating with target prices ranging from Rs. 565 to Rs. 610. JM Financial believes that the company's volume growth will be led by the rise in gas demand in the industrial segment, while ICICI Securities projects good returns from Gujarat Gas' stock due to the probability of a buyback.