Get App
Last Updated : Jul 29, 2019 02:59 PM IST | Source:

Accumulate GAIL (India); target of Rs 153: Dolat Capital

Dolat Capital recommended accumulate rating on GAIL (India) with a target price of Rs 153 in its research report dated July 26, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Dolat Capital's research report on GAIL (India)

In the next few years, GAIL will invest about `450.0 billion in major cross-country pipeline projects, such as Urja Ganga Project, Kochi Kootanad Bangalore Mangalore Pipeline, Indradhanush Gas Grid (North East Grid in joint venture mode), and other pipelines connecting crucial supply and demand centers, to build the proposed National Gas Grid (NGG). GAIL will continue to focus on the growth of its core business segments, such as natural gas, petrochemicals, and gas processing. In addition, GAIL plans to look for diversified and fresh business opportunities, which have the potential to become future growth engines. Its focus in FY20 remains expansion of gas infrastructure; garnering and unlocking demand in retail; and expanding petrochemical capacity. New focus areas are LNG transport, bunkering of fuel, establishing CNG stations, and use of LNG in port operations.


The stock price seems to be factoring in most of the negatives. We see limited downside in the stock from here on. We maintain Accumulate, with a target price of ` 153 (10x FY21E).

For all recommendations report, click here

Disclaimer: 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.

Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
First Published on Jul 29, 2019 02:59 pm
Follow us on
Available On