Buy GAIL (India), target Rs 137: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a buy call on GAIL (India) Ltd. with a target price of Rs 137. The current market price of GAIL (India) Ltd. is Rs 130.95 Time period given by analyst is Intra Day when GAIL (India) Ltd. price can reach defined target. Shrikant Chouhan recommended to keep stoploss at Rs 127.5 GAIL (India) Ltd., incorporated in 1984, has a market cap of Rs 59564.89 crore.

GAIL (India) Ltd. key Products/Revenue Segments include Gas Natural which contributed Rs 41748.47 Crore to Sales Value (77.56 % of Total Sales), Polymers which contributed Rs 5520.49 Crore to Sales Value (10.25 % of Total Sales), Liquefied Petroleum Gas which contributed Rs 3368.95 Crore to Sales Value (6.25 % of Total Sales), Sale of services which contributed Rs 1875.67 Crore to Sales Value (3.48 % of Total Sales), Propane which contributed Rs 404.60 Crore to Sales Value (0.75 % of Total Sales), Naptha which contributed Rs 289.97 Crore to Sales Value (0.53 % of Total Sales), Other Products which contributed Rs 244.12 Crore to Sales Value (0.45 % of Total Sales), Other Operating Revenue which contributed Rs 135.46 Crore to Sales Value (0.25 % of Total Sales), Pentane which contributed Rs 115.01 Crore to Sales Value (0.21 % of Total Sales), Power which contributed Rs 63.14 Crore to Sales Value (0.11 % of Total Sales), Oil Crude which contributed Rs 33.18 Crore to Sales Value (0.06 % of Total Sales), Butene which contributed Rs 23.49 Crore to Sales Value (0.04 % of Total Sales), Income From Telecom which contributed Rs 2.65 Crore to Sales Value (0.00 % of Total Sales), Compressed Natural Gas (CNG) which contributed Rs .29 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 18467.44 Crore, down -3.14 % from last quarter Sales of Rs 19065.47 Crore and up 5.14 % from last year same quarter Sales of Rs 17564.00 Crore Company has reported net profit after tax of Rs 1246.51 Crore in latest quarter. The company’s top management includes Dr.Anup K Pujari, Dr.Ashuotsh Karnatak, Dr.Rahul Mukherjee, Mr.A K Tiwari, Mr.Anupam Kulshrestha, Mr.Ashish Chatterjee, Mr.Ashutosh Jindal, Mr.Dinkar Prakash Srivastava, Mr.Gajendra Singh, Mr.Jayanto Narayan Choudhury, Mr.Manoj Jain, Mr.P K Gupta, Mr.S K Srivastava, Mr.Sanjay Tandon, Mrs.Banto Devi Kataria. Company has O P Bagla & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 2,255,070,933 shares outstanding.