Buy GAIL (India), price target Rs 139: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on GAIL (India) Ltd. with a target price of Rs 139.0 . The current price of GAIL (India) Ltd. is Rs 129.1 . Manas Jaiswal recommended to keep a stoploss at Rs 124 .

GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 58723.39 Crore) operating in Gas & Petroleum sector.

GAIL (India) Ltd. key Products/Revenue Segments include Gas Natural which contributed Rs 61501.94 Crore to Sales Value (81.86 % of Total Sales), Sale of services which contributed Rs 1935.20 Crore to Sales Value (2.57 % of Total Sales), Propane which contributed Rs 882.19 Crore to Sales Value (1.17 % of Total Sales), Other Operating Revenue which contributed Rs 318.78 Crore to Sales Value (0.42 % of Total Sales), Power which contributed Rs 57.10 Crore to Sales Value (0.07 % of Total Sales), Oil Crude which contributed Rs 35.64 Crore to Sales Value (0.04 % of Total Sales), Compressed Natural Gas (CNG) which contributed Rs 12.47 Crore to Sales Value (0.01 % of Total Sales) and Income From Telecom which contributed Rs 2.42 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 17882.74 Crore, down -1.93 % from last quarter Sales of Rs 18235.45 Crore and down -11.55 % from last year same quarter Sales of Rs 20217.54 Crore Company has reported net profit after tax of Rs 1015.10 Crore in latest quarter.

The company’s top management includes Dr.Anup K Pujari, Mr.Subir Purkayastha, Mr.Sanjay Tandon, Mr.S K Srivastava, Mr.P K Gupta, Mr.Manoj Jain, Mr.Jayanto Narayan Choudhury, Mr.Gajendra Singh, Mr.Dinkar Prakash Srivastava, Mr.B C Tripathi, Mr.Ashish Chatterjee, Mr.Anupam Kulshrestha, Dr.Rahul Mukherjee, Dr.Ashuotsh Karnatak, Ms.Indrani Kaushal. Company has ASA & Associates LLP as its auditors As on 31-12-2019, the company has a total of 4,510,141,866 shares outstanding.