Motilal Oswal recommends buying GAIL (India) Ltd., with a target price of Rs 275. The stock is currently trading at Rs 240.8.
About GAIL (India):
- Established in 1984
- Market cap: Rs 159,774.92 crore
- Sector: Gas & Petroleum
- Main Revenue Sources:
- Natural Gas
- Polymers
- Services
- Propane
- Compressed Natural Gas (CNG)
- Other Operating Revenue
- Power
- Crude Oil
- Telecom Income
Financial Performance:
For the quarter ending 30-06-2024:
- Total Income: Rs 34,958.32 crore (up 5.96% from Rs 32,992.84 crore last quarter, and up 6.13% from Rs 32,940.64 crore a year ago)
- Net Profit: Rs 2,719.15 crore
Ownership Breakdown:
- Promoters: 51.92%
- Foreign Institutional Investors (FIIs): 15.2%
- Domestic Institutional Investors (DIIs): 18.08%
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