Prabhudas Lilladher has given Buy recommendation for GAIL (India) with a target price of Rs. 184 in its research report issued on Jun 10, 2021
Prabhudas Lilladher’s research report on GAIL (India)
We increase our FY22/23E earnings by 10.8%/1.7% to incorporate higher petrochemicals and LPG realization. Sharp recovery in commodity prices inline with recovering economy, augurs well for GAIL. Also, commissioning of new pipelines over next one year will augment volumes and profits.