ICICI Direct's research report on Gail (India)
Gail India is a gas utility company with various business segments such as gas transmission & trading, LPG, LLH and petrochemicals. It operates a natural gas pipeline network of 14500 km as of end of FY22 • Gail also has a presence in CGD sector directly and via associate companies.
Outlook
We revise our rating on the stock from BUY to HOLD. We value Gail at Rs 95/share based on SoTP method.
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