Invest in GAIL, says Rakesh Bansal

Rakesh Bansal, CEO of rakeshbansal.com feels that one should invest in GAIL.

Bansal told CNBC-Awaaz, "Investors should invest in GAIL. The stock has support at Rs 380 and it is looking good in short to medium term. It has resistance at Rs 435. If it crosses Rs 435 then we can see level of Rs 500 in future."
The company's trailing 12-month (TTM) EPS was at Rs 28.84 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 14.25. The latest book value of the company is Rs 151.78 per share. At current value, the price-to-book value of the company was 2.71. The dividend yield of the company was 1.82%.