Buy GAIL (India), target price Rs 151: Prabhudas Lilladher

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.

By ETMarkets.com | Nov 23, 2023, 10.38 AM IST

Promoters held 51.91 per cent stake in the company as of 30-Sep-2023, while FIIs owned 14.76 per cent, DIIs 19.12 per cent.

Prabhudas Lilladher has buy call on GAIL (India) with a target price of Rs 151. The current market price of GAIL (India) Ltd. is Rs 123.85.

GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 81498.36 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 30-09-2023, the company has reported a Consolidated Total Income of Rs 33191.03 Crore, up .76 % from last quarter Total Income of Rs 32940.64 Crore and down -14.72 % from last year same quarter Total Income of Rs 38921.38 Crore. Company reported net profit after tax of Rs 2052.37 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.91 per cent stake in the company as of 30-Sep-2023, while FIIs owned 14.76 per cent, DIIs 19.12 per cent.

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