Buy GAIL (India), target price Rs 110: ICICI Direct

0
14
Buy GAIL (India), target price Rs 110:  ICICI Direct


ICICI Direct has buy call on GAIL (India) with a target price of Rs 110. The current market price of (India) Ltd. is Rs 92.9. Time period given by analyst is one 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 61181.30 Crore) operating in Gas & Petroleum sector.

GAIL (India) Ltd. key Products/Revenue Segments include Gas Natural, Polymers, Sale of services, Propane, Other Operating Revenue, Compressed Natural Gas (CNG), Power, Oil Crude, Income From Telecom for the year ending 31-Mar-2021.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 37987.96 Crore, up 37.35 % from last quarter Total Income of Rs 27657.93 Crore and up 114.80 % from last year same quarter Total Income of Rs 17685.24 Crore. Company reported net profit after tax of Rs 2923.37 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.89 per cent stake in the company as of 30-Jun-2022, while FIIs owned 19.92 per cent, DIIs 15.29 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here