ICICI Direct has given Buy recommendation for Gail (India) with a target price of Rs. 110 in its research report issued on Sep 06, 2022

ICICI Direct’s research report on Gail (India)

Gail India is a gas utility company with various business segments such as gas transmission & trading, LPG, LLH and petrochemicals. It operates a natural gas pipeline network of 14500 km as of end of FY22 • Gail also has a presence in CGD sector directly and via associate companies.

Outlook

Hence, we revise our target price to Rs 110/share post this corporate action. We maintain our BUY rating on the stock and value Gail based on SoTP method.

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