GAIL Stocks: Buy GAIL (India); Target price Rs 137: ICICI Securities | Techno Glob


GAIL (India) is Call Buy with a target price of Rs 137. (India) Ltd.’s current price is Rs.93.2.

GAIL (India) Ltd. is a Large Cap company incorporated in 1984 (market capitalization Rs. 61378.56 crores in gas and oil industry).

GAIL (INDIA) LIMITED. Major product/revenue segments include natural gas; polymers; selling services; Propane other operating income; compressed natural gas (CNG); power crude oil Includes the year ending 31-Mar-2022.

Finance

For the quarter ended 30-09-2022, the company posted a total revenue of Rs.38921.38 crore; 2.46% growth over last quarter’s total revenue of Rs.37987.96 crore and 76.46% growth from last year’s total revenue of Rs.212056 crore. The company reported a net profit after tax of Rs 997.55 crore in the last quarter.

Promoter/FII Holdings
Promoters hold 51.89 per cent stake in the company as of June 30-2022, while FIIs hold 19.92 per cent; DIIs own 15.29 percent.

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