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    Buy GAIL (India), target Rs 440: Manas Jaiswal

    Synopsis

    Buy GAIL (India) at a price target of Rs 440 and a stop loss at Rs 410 from entry point.

    Manas Jaiswal of manasjaiswal.com has a buy call on GAIL (India) with a target price of Rs 440.

    The current market price of GAIL (India) is Rs 420.15.

    Time period given by analyst is intraday when GAIL (India) price can reach defined target.

    Manas Jaiswal recommended to keep stoploss at Rs 410.

    GAIL (India), incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 71,060.10 Crore) operating in Petroleum sector.

    GAIL (India) key Products/Revenue Segments include Gas Natural which contributed Rs 38,213.13 Crore to Sales Value (78.17 per cent of Total Sales), Polymers which contributed Rs 5,377.28 Crore to Sales Value (11 per cent of Total Sales), Liquefied Petroleum Gas which contributed Rs 2,399.76 Crore to Sales Value (4.90 per cent of Total Sales), Sale of services which contributed Rs 1,707.33 Crore to Sales Value (3.49 per cent of Total Sales), Propane which contributed Rs 397.76 Crore to Sales Value (0.81 per cent of Total Sales), Naptha which contributed Rs 246.45 Crore to Sales Value (0.50 per cent of Total Sales), Other Products which contributed Rs 222.29 Crore to Sales Value (0.45 per cent of Total Sales), Other Operating Revenue which contributed Rs 94.24 Crore to Sales Value (0.19 per cent of Total Sales), Pentane which contributed Rs 93.74 Crore to Sales Value (0.19 per cent of Total Sales), Power which contributed Rs 68.05 Crore to Sales Value (0.13 per cent of Total Sales), Oil Crude which contributed Rs 34.23 Crore to Sales Value (0.07 per cent of Total Sales), Butene which contributed Rs 26.00 Crore to Sales Value (0.05 per cent of Total Sales), Income From Telecom which contributed Rs 2.73 Crore to Sales Value (0.00 per cent of Total Sales)for the year ending 31-Mar-2017.

    For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 11,406.47 Crore, down 15.21 per cent from last quarter Sales of Rs 13,452.00 Crore and up 6.74 per cent from last year same quarter Sales of Rs 10,686.58 Crore.

    Company has reported net profit after tax of Rs 1,025.64 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.P K Gupta, Mr.S K Srivastava, Mr.Sanjay Tandon, Mr.Subir Purkayastha.

    Company has ASA & Associates LLP as its auditors.

    As on 31-03-2017, the company has a total of 1,691,303,200 shares outstanding.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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