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    Buy GAIL (India), target price Rs 164: ICICI Securities

    Synopsis

    GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 65149.00 Crore) operating in Gas & Petroleum sector.

    Promoters held 51.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.2 per cent, DIIs 28 per cent and public and others 4 per cent.

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    has buy call on (India) with a target price of Rs 164. The current market price of GAIL (India) Ltd. is Rs 145.

    GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 65149.00 Crore) operating in Gas & Petroleum sector.

    Financials
    For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 15882.82 Crore, up 12.71 % from last quarter Total Income of Rs 14091.23 Crore and down -12.15 % from last year same quarter Total Income of Rs 18078.73 Crore. Company reported net profit after tax of Rs 1416.65 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 51.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.2 per cent, DIIs 28 per cent and public and others 4 per cent.

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