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    HomeNewsBusinessStocksBuy GAIL; target of Rs 535: HDFC Securities

    Buy GAIL; target of Rs 535: HDFC Securities

    HDFC Securities is bullish on GAIL has recommended buy rating on the stock with a target price of Rs 535 in its research report dated February 11, 2017.

    February 14, 2017 / 13:52 IST
       
       
      26 Aug, 2025 12:21
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      HDFC Securities' research report onGAIL
      FY17 is proving to be a complete turnaround year for GAIL. There will be a boost in profitability across all segments led by (1) higher margins in petchem and LPG. Strong crude prices will lead to firm realisations for petchem and LPG.
      Outlook
      Upcoming LNG facilities in USA and Australia will completely distort the global gas market equilibrium. We believe that gas prices will remain muted for a long period of time. Our SOTP target is Rs 535/sh (7.3x FY19E standalone EV/EBITDA and Rs 129/sh from investments). Maintain BUY.
      For all recommendations, 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.
      first published: Feb 14, 2017 01:52 pm

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