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Buy GAIL (India) Ltd. target Rs 397: Jay Thakkar

Buy GAIL (India) Ltd. at a price target of Rs 397.0 and a stoploss at Rs 378 from entry point.

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Last Updated: Sep 21, 2018, 09.35 AM IST
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Jay Thakkar of Anand Rathi has a buy call on GAIL (India) Ltd. with a target price of Rs 397. The current market price of GAIL (India) Ltd. is Rs 384.25. Time period given by the analyst is Intra Day when GAIL (India) Ltd. price can reach the defined target. Jay Thakkar recommended to keep stoploss at Rs 378
GAIL (India) Ltd., incorporated in 1984, is a largecap company with a market cap of Rs 86651.10 crore.

GAIL (India) Ltd. key Products/Revenue Segments include Gas Natural which contributed Rs 38213.13 Crore to Sales Value (78.17 % of Total Sales), Polymers which contributed Rs 5377.28 Crore to Sales Value (11.00 % of Total Sales), Liquefied Petroleum Gas which contributed Rs 2399.76 Crore to Sales Value (4.90 % of Total Sales), Sale of services which contributed Rs 1707.33 Crore to Sales Value (3.49 % of Total Sales), Propane which contributed Rs 397.76 Crore to Sales Value (0.81 % of Total Sales), Naptha which contributed Rs 246.45 Crore to Sales Value (0.50 % of Total Sales), Other Products which contributed Rs 222.29 Crore to Sales Value (0.45 % of Total Sales), Other Operating Revenue which contributed Rs 94.24 Crore to Sales Value (0.19 % of Total Sales), Pentane which contributed Rs 93.74 Crore to Sales Value (0.19 % of Total Sales), Power which contributed Rs 68.05 Crore to Sales Value (0.13 % of Total Sales), Oil Crude which contributed Rs 34.23 Crore to Sales Value (0.07 % of Total Sales), Butene which contributed Rs 26.00 Crore to Sales Value (0.05 % of Total Sales), Income From Telecom which contributed Rs 2.73 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 17298.59 Crore, up 12.11 % from last quarter Sales of Rs 15430.69 Crore and up 51.66 % from last year same quarter Sales of Rs 11406.47 Crore Company has reported net profit after tax of Rs 1259.25 Crore in latest quarter. The company’s top management includes Dr.Anup K Pujari, Dr.Ashuotsh Karnatak, Dr.Rahul Mukherjee, Mr.Anupam Kulshrestha, Mr.Ashish Chatterjee, Mr.B C Tripathi, Mr.Dinkar Prakash Srivastava, Mr.Gajendra Singh, Mr.Jayanto Narayan Choudhury, Mr.Manoj Jain, Mr.P K Gupta, Mr.S K Srivastava, Mr.Sanjay Tandon, Mr.Subir Purkayastha, Mrs.Banto Devi Kataria, Ms.Indrani Kaushal. Company has ASA & Associates LLP as its auditoRs As on 30-06-2018, the company has a total of 2,255,070,933 shares outstanding.

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