HDFC Securities is bullish on GAIL has recommended buy rating on the stock with a target price of Rs 535 in its research report dated February 11, 2017.
HDFC Securities' research report on GAIL
Upcoming LNG facilities in USA and Australia will completely distort the global gas market equilibrium. We believe that gas prices will remain muted for a long period of time. Our SOTP target is Rs 535/sh (7.3x FY19E standalone EV/EBITDA and Rs 129/sh from investments). Maintain BUY.
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