Underweight GAIL India, target Rs 360: JPMorgan

Gail is partly monetising its stake in Mahanagar Gas by selling around 1.2 crore shares with a price band of Rs 380-Rs421.

| Updated: Jun 20, 2016, 01.54 PM IST

JPMorgan maintains a sell rating on Gail India with a 12-month target price of Rs 360. Gail is partly monetising its stake in Mahanagar Gas by selling around 1.2 crore shares with a price band of Rs 380-Rs421. But, it may not provide immediate upside to the counter.

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