Sell GAIL with a price target of Rs 365: CK Narayan

In a chat with ET Now, CK Narayan, Growth Avenues Asset Advisors, shares his views on GAIL (India) Limited.

ET Now: What is the call on GAIL India?

CK Narayan: Sell GAIL as the stock is currently down to about Rs 373 today. But there is further room on the downside at the current rates. So, I would look to go short at the current level and keep Rs 5 stop loss from the entry, looking for a price target of Rs 365.