Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Loans
    Loans
    HomeNewsBusinessStocksHold GAIL; target of Rs 365: Edelweiss

    Hold GAIL; target of Rs 365: Edelweiss

    Edelweiss recommended hold rating on GAIL with a target price of Rs 365 in its research report dated May 28, 2018.

    Broker Research
    September 18, 2018 / 17:15 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Edelweiss's research report onGAIL

      GAIL’s Q4FY18 EBITDA at INR17bn (up 11% YoY) came 24% below estimate due to lower-than-expected performance across key segments. While transmission, trading and petrochemicals disappointed, LPG transmission surpassed expectation. Key highlights: 1) Misses: While gas transmission volumes at 106mmscmd came broadly in line, blended tariffs came 4% below.

      Outlook

      However, there remains an overhang of uncontracted US LNG volumes. Stabilisation of its PATA expansion (~80% utilisation guidance for FY19) remains a key monitorable. We maintain ‘HOLD/SP’ with revised SOTP-based TP of INR365. At CMP, GAIL trades at 11.7x FY20E PER.

      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.

      Read More Read More

      Broker Research
      first published: Jun 5, 2018 11:26 am

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347