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    HomeNewsBusinessStocksHold GAIL; target of Rs 505: Axis Direct

    Hold GAIL; target of Rs 505: Axis Direct

    Axis Direct recommended hold rating on GAIL with a target price of Rs 505 in its research report dated February 17, 2017.

    February 20, 2017 / 16:51 IST
       
       
      26 Aug, 2025 12:21
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      Axis Direct's research report onGAIL
      GAIL has supply contract of 5.8 mntpa US LNG (start from Jan ’18) and 0.4 mntpa of Gorgon LNG (start from Jan ‘17). At current gas price scenario, both the contracts are unviable for Indian consumers, and exposes GAIL to take-or-pay liability of USD 250 mn.
      Outlook
      GAIL’s LPG transmission volumes jumped 11% QoQ as Kandla port resumed LPG imports after a long time. Management expectsQ3FY17 run-rate of LPG volumes to sustain backed by huge LPG deficit in the North India. We increase our FY18E EPS by 7% to Rs 42, and TP to Rs 505 (Rs 490 earlier).
      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.

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      first published: Feb 20, 2017 04:51 pm

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