Gail has target of Rs 432: Anu Jain

31787 Investors following GAIL. Share this News with them.

0

Like this story, share it with millions of investors on M3

Gail has target of Rs 432: Anu Jain

Gail has target of Rs 432, says Anu Jain, VP - IIFL Private Wealth Management.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about GAIL See messages about GAIL GAIL BSE | NSE 30/05/12 Are Mutual Funds betting on GAIL?

Gail has target of Rs 432, says Anu Jain , VP - IIFL Private Wealth Management.

Jain told CNBC-TV18, "We have seen GAIL move to the Rs 440 levels and corrects severely, consolidate a lot. Over the last couple of days it's moved in Rs 406 to about Rs 416 zone couple of times but over Rs 414, I have seen that this scrip has strength and its managed to do that twice this week. It closed over it and this gives me a confidence that its moving again back to those Rs 432-440 zone."

She further added, "The target I have kept is Rs 432. The chart formation for a longer period of time is pretty bullish, so on any dip if it goes down around Rs 410 with a stoploss of about Rs 406, I would look to play this on a long side."

At 09:43 hrs the share was quoting at Rs 419.90, up Rs 1.85, or 0.44% with volumes of 28,784 shares. Yesterday the share closed up 2.35% or Rs 9.60 at Rs 418.05.

Currently the share is 95.03% above the 52-week low of Rs 215.30. The company's trailing 12-month (TTM) EPS was at Rs 22.54 per share. Its Market Cap is of Rs 53,263.37 crore.