Buy GAIL (India), target price Rs 200: Emkay Global

Emkay Global has buy call on GAIL (India) with a target price of Rs 200. The current market price of GAIL (India) Ltd. is Rs 158.

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 69958.27 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 30-06-2021, 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 Dec 30, 2020, while FIIs held 16.2 per cent, DIIs 28 per cent and public and others 4 per cent.