GAIL stocks: Buy GAIL (India), target price Rs 100: ICICI Direct

ICICI Direct has buy call on GAIL (India) with a target price of Rs 100. The current market price of (India) Ltd. is Rs 91.55.

GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 60162.16 Crore) operating in Gas & Petroleum sector.

GAIL (India) Ltd. key Products/Revenue Segments include Gas Natural, Polymers, Sale of services, Propane, Other Operating Revenue, Compressed Natural Gas (CNG), Power, Oil Crude for the year ending 31-Mar-2022.


For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 37987.96 Crore, up 37.35 % from last quarter Total Income of Rs 27657.93 Crore and up 114.80 % from last year same quarter Total Income of Rs 17685.24 Crore. Company reported net profit after tax of Rs 2923.37 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.89 per cent stake in the company as of 30-Jun-2022, while FIIs owned 19.92 per cent, DIIs 15.29 per cent.

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