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    HomeNewsBusinessStocksBuy GAIL (India); target of Rs 108: Geojit

    Buy GAIL (India); target of Rs 108: Geojit

    Geojit is bullish on GAIL (India) has recommended buy rating on the stock with a target price of Rs 108 in its research report dated November 18, 2020.

    Broker Research
    December 05, 2020 / 12:55 IST
       
       
      26 Aug, 2025 12:21
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      Geojit's research report on GAIL (India)

      Q2FY21 standalone revenue grew 12.9% QoQ to Rs. 13,644cr primarily due to improved physical performance & increase in petrochemical prices, partially offset by slight reduction in imported gas & LHC prices. EBITDA margin expanded 465bps QoQ (110bps YoY) mainly on account of higher price realization. PAT increased to Rs. 1,240cr (vs. Rs. 256cr in Q1FY21). Considering that the petrochemicals business is back to optimal levels & improvement in natural gas demand, the outlook remains positive. 108

      Outlook

      Hence, we maintain our BUY rating on the stock with a revised price target of Rs.108 based on SOTP valuation.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: Dec 5, 2020 12:55 pm

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