Feb 14, 2017 01:52 PM IST | Source:

Buy GAIL; target of Rs 535: HDFC Securities

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.

  • bselive
  • nselive
Todays L/H

HDFC Securities' research report on GAIL

FY17 is proving to be a complete turnaround year for GAIL. There will be a boost in profitability across all segments led by (1) higher margins in petchem and LPG. Strong crude prices will lead to firm realisations for petchem and LPG.


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.

For all recommendations, click here

The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.
Follow us on
Available On