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Last Updated : Aug 13, 2019 05:16 PM IST | Source: Moneycontrol.com

Buy GAIL India; target of Rs 154: Motilal Oswal

Motilal Oswal is bullish on GAIL India has recommended buy rating on the stock with a target price of Rs 154 in its research report dated August 12, 2019.

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Motilal Oswal's research report on GAIL India


1QFY20 EBITDA was flat YoY at INR22.6b (in-line), led by better marketing segment performance, while petchem continued its poor performance. Depreciation was higher by 7% YoY, which was offset by lower interest cost (-46% YoY) and higher other income (+26% YoY). PAT stood in line with est. at INR12.9b (+2% YoY, -11% QoQ).


Outlook


Valuing the stock at 8x FY21 adj. EPS of INR14.1, and adding contribution from the investment, we arrive at target price of INR154 (implying upside of ~24%).

For all recommendations report, click here

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First Published on Aug 13, 2019 05:16 pm
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