Buy GAIL (India), target price Rs 110: Emkay Global

Emkay Global has buy call on GAIL (India) Ltd. with a target price of Rs 110. The current market price of GAIL (India) Ltd. is Rs 90.3.

GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 58945.77 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 for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 38921.38 Crore, up 2.46 % from last quarter Total Income of Rs 37987.96 Crore and up 76.46 % from last year same quarter Total Income of Rs 22056.21 Crore. Company reported net profit after tax of Rs 997.55 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.