The Economic Times daily newspaper is available online now.

    Buy GAIL (India), target price Rs 205: HDFC Securities

    Synopsis

    GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 66516.97 Crore) operating in Gas & Petroleum sector.

    GAIL
    Promoters held 51.5 per cent stake in the company as of June 30, 2021, while FIIs held 16.8 per cent, DIIs 19.2 per cent and public and others 12.5 per cent.
    HDFC Securities has buy call on GAIL (India) with a target price of Rs 205. The current market price of GAIL (India) Ltd. is Rs 150.15.

    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 66516.97 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 and Income From Telecom for the year ending 31-Mar-2020.

    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 17685.24 Crore, up 9.27 % from last quarter Total Income of Rs 16185.41 Crore and up 43.40 % from last year same quarter Total Income of Rs 12332.65 Crore. Company reported net profit after tax of Rs 1727.78 Crore in latest quarter.

    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.



    (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.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in