Buy GAIL (India), target price Rs 207: ICICI Securities

ICICI Securities has buy call on GAIL (India) with a target price of Rs 207. The current market price of GAIL (India) Ltd. is Rs 155.75. 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 68936.98 Crore) operating in Gas & Petroleum sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 16185.41 Crore, up 1.91 % from last quarter Total Income of Rs 15882.82 Crore and down -14.26 % from last year same quarter Total Income of Rs 18878.35 Crore.


Promoter/FII Holdings
Promoters held 51.8 per cent stake in the company as of March 31, 2021, while FIIs held 15.9 per cent, DIIs 19.1 per cent and public and other 13.2 per cent.