Yes Securities has buy call on (India) with a target price of Rs 250. The current market price of GAIL (India) Ltd. is Rs 164.25. Time period given by analyst is year when GAIL (India) Ltd. price can reach defined target.
GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 72600.30 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 16185.41 Crore, up 1.91 % from last quarter Total Income of Rs 15882.82 Crore and down -14.26 % from last year same quarter Total Income of Rs 18878.35 Crore. Company reported net profit after tax of Rs 2042.14 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY rating on GAIL with a TP of Rs 250/sh. Its TP implies a target P/E multiple of 17.5x (FY23e S.A.) as against 11.4x stock is currently trading at. SOTP based TP is a sum of a) stand‐alone business valued at Rs 141/sh on DCF, b) Listed investment valued at Rs 41/sh and unlisted investments at Rs 56/sh.
Promoter/FII Holdings
Promoters held 51.8 per cent stake in the company as of March 31, 2021, while FIIs held 15.9 per cent, DIIs 19.1 per cent and public and other 13.2 per cent.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 72600.30 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 16185.41 Crore, up 1.91 % from last quarter Total Income of Rs 15882.82 Crore and down -14.26 % from last year same quarter Total Income of Rs 18878.35 Crore. Company reported net profit after tax of Rs 2042.14 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY rating on GAIL with a TP of Rs 250/sh. Its TP implies a target P/E multiple of 17.5x (FY23e S.A.) as against 11.4x stock is currently trading at. SOTP based TP is a sum of a) stand‐alone business valued at Rs 141/sh on DCF, b) Listed investment valued at Rs 41/sh and unlisted investments at Rs 56/sh.
Promoter/FII Holdings
Promoters held 51.8 per cent stake in the company as of March 31, 2021, while FIIs held 15.9 per cent, DIIs 19.1 per cent and public and other 13.2 per cent.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
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