Buy GAIL (India), target price Rs 275: Motilal Oswal

Motilal Oswal has buy call on GAIL (India) with a target price of Rs 275. The current market price of GAIL (India) Ltd. is Rs 240.8.
GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 159774.92 Crore) operating in Gas & Petroleum sector.

GAIL (India) Ltd. key Products/Revenue Segments include Gas Natural, Polymers, Sale of services, Propane, Compressed Natural Gas (CNG), Other Operating Revenue, Power, Oil Crude, Income From Telecom for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 34958.32 Crore, up 5.96 % from last quarter Total Income of Rs 32992.84 Crore and up 6.13 % from last year same quarter Total Income of Rs 32940.64 Crore. Company reported net profit after tax of Rs 2719.15 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.92 per cent stake in the company as of 30-Jun-2024, while FIIs owned 15.2 per cent, DIIs 18.08 per cent.