GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 43921.63 Crore) operating in Gas & Petroleum sector.
AgenciesPromoters held 51.8 per cent stake in the company as of June 30, 2020, while FIIs held 16.2 per cent, DIIs 27.2 per cent and public and others 4.9 per cent.
Motilal Oswal has given buy rating to GAIL with a target price of Rs 150. The share price moved down by 3.60 per cent from its previous close of Rs 97.50. The stock’s last traded price is Rs 96.70. GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 43921.63 Crore) operating in Gas & Petroleum sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 12174.15 Crore, down 32.07 % from last quarter Sales of Rs 17922.79 Crore and down 34.08 % from last year same quarter Sales of Rs 18467.44 Crore. The Company reported net profit after tax of Rs 192.79 Crore in latest quarter.
Investment Rationale In line with the huge miss during 1QFY21, we have revised down our FY21 EPS by 8%, keeping FY22E unchanged. The brokerage believes pain in the gas trading business for GAIL should abate in FY22E (as all the cargoes are sold in India). It maintains a Buy with TP of Rs 150/share. Promoter/FII Holdings Promoters held 51.8 per cent stake in the company as of June 30, 2020, while FIIs held 16.2 per cent, DIIs 27.2 per cent and public and others 4.9 per cent.
Agencies
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