The runup to GAIL is still long: Shrikant Chouhan

A quick call on GAIL.

Shrikant Chouhan: GAIL, the stock is steadily into rising mode and we have not yet seen any euphoric kind of rally in this particular stock. So if we go through the overall pattern then I can say that the run up is like still long and we can see some more appreciation in next say like 6 to 8 months. We are targeting the levels of something 650-700 in next 12 months but in the near term I am seeing the stock to trade somewhere between 480 and 510-515 on the higher side.