Stock Market

This PSU stock is cheaper than Rs 200; Brokerage bullish with better fundamentals, can get 33% return

GAIL share BUY call: After the blockbuster results of September quarter of the oil and gas sector company GAIL, brokerage houses are also looking bullish about its stock.

GAIL share BUY call: After the second quarter results amid the festive season of Diwali, the outlook for investing in many stocks is becoming very strong. After the blockbuster results of September quarter of Oil and Gas sector company GAIL, brokerage houses are also looking bullish about its stock. This stock of less than Rs 200 has given a return of about 80 percent to investors in the last one year. In future also this stock has the power to give excellent returns to the investors. Brokerage House Motilal Oswal has given a Buy (GAIL BUY) advice in GAIL India with a target of Rs 200.

GAIL: Better Option in High Valuation Market

The valuation of the stock market is very high. In such a situation, many shares have become very expensive. At the same time, the valuation of GAIL’s stock is still attractive. So far this year, it has gained about 22 per cent. At the same time, in the last one year, this stock has given returns of more than 79 percent to investors. Despite this, the valuation of the stock is attractive. Brokerage house Motilal Oswal has kept a target of Rs 200 while advising to buy in this stock. In this sense, in this future investors can get a return of more than 33 percent from the current price.

What does brokerage report say

According to the report of brokerage house Motilal Oswal, Gail’s results in the July-September quarter have been spectacular. Due to this, the outlook of the company in the second half also looks better. The company’s net profit has also doubled in the July quarter. The company’s profit in the gas trading business has been the highest in the last several quarters. The brokerage house says that the company’s EBITDA stood at 52 percent, which was higher than our estimate. The company management expects 7-8 per cent year-on-year growth in gas transmission volume in the next 3-4 years. Expansion of refineries, fertilizer plants and petrochem companies will increase demand.

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GAIL: Financial Performance

The bank’s net profit fell 131 per cent to Rs 2,862.95 crore in the first quarter ended 30 September 2021. The company’s profit in the September quarter last year was Rs 1,239.67 crore. The company’s revenue jumped 57 percent to Rs 21,515.30 crore during this period. Due to tremendous growth in natural gas marketing, the company registered a splendid increase in profits.


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