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 GAIL (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.