Buy GAIL (India), target price Rs 190: JM Financial

JM Financial has buy call on GAIL (India) with a target price of Rs 190. The current market price of GAIL (India) Ltd. is Rs 144.9. 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 65495.68 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 31-03-2022, the company reported a Consolidated Total Income of Rs 27657.93 Crore, up 4.11 % from last quarter Total Income of Rs 26566.52 Crore and up 70.88 % from last year same quarter Total Income of Rs 16185.41 Crore. Company reported net profit after tax of Rs 3048.92 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.8 per cent stake in the company as of 31-Mar-2022, while FIIs owned 19.62 per cent, DIIs 15.9 per cent.