Is Gail a good buy for long term?

Is Gail a good buy for long term?

Investment Rationale While GAIL’s stock price has remained relatively steady over the last three months, the brokerage believes material upside is in store, given: 1) the 9% CAGR in EPS over FY22E-FY24E, 2) valuations of just 5.6x FY24E P/E and 4x EV/EBITDA, and 3) RoE/RoCE of 16%/12% — by FY24E.

What is the target price for GAIL share?

NSE -2.11 % (India) with a target price of Rs 195. The current market price of GAIL (India) Ltd. is Rs 149. Time period given by analyst is one year when GAIL (India) Ltd. price can reach defined target.

What is the future of Gail?

Expansion of the national gas grid by 67% to 27,000 km has been proposed by the Government. This will increase the penetration and adoption of gas in India. Hence it is a good growth prospect for GAIL in the near term.

Why Gail share is increasing?

GAIL shares jumped on Monday after Jefferies upgraded the stock to ‘buy’ from ‘hold’ citing geopolitical developments in Europe, which could keep natural gas prices at elevated levels. The brokerage also raised its target price for the GAIL stock to Rs 170 from Rs 160.

Will Gail share price go up?

GAIL (India) Limited quote is equal to 133.750 INR at 2022-07-05. Based on our forecasts, a long-term increase is expected, the “GAIL” stock price prognosis for 2027-06-28 is 206.454 INR. With a 5-year investment, the revenue is expected to be around +54.36%.

Is Gail undervalued?

GAIL is one of the potential top 22% undervalued companies !

Should I buy Gail stock?

ICICI Securities has buy call on GAIL (India) with a target price of Rs 245. The current market price of GAIL (India) Ltd. is Rs 160.6. Time period given by analyst is one year when GAIL (India) Ltd. price can reach defined target.

Will Gail shares go up?

GAIL (India) Limited quote is equal to 133.550 INR at 2022-07-06. Based on our forecasts, a long-term increase is expected, the “GAIL” stock price prognosis for 2027-07-05 is 208.989 INR. With a 5-year investment, the revenue is expected to be around +56.49%.

Is Gail debt free?

Company is almost debt free. Stock is providing a good dividend yield of 6.73%.

Is GAIL undervalued?

Is GAIL debt free?

Which Indian company is debt free?

debt free companies

S.No.	Name	ROE %
1.	Glaxosmi. Pharma	81.33
2.	P & G Hygiene	69.78
3.	Castrol India	49.60
4.	Life Insurance	48.22

Where does Gail get its gas from?

GAIL has seven LPG Plants, two at Vijaipur and one at Vaghodia, and one each in Lakwa (Assam), Auraiya (UP), Gandhar (Gujarat) and Usar (Maharashtra), producing over 1 million TPA LPG and other liquid hydrocarbons.

Will Gail share go up?

GAIL (India) Limited quote is equal to 133.550 INR at 2022-07-06. Based on our forecasts, a long-term increase is expected, the “GAIL” stock price prognosis for 2027-07-05 is 208.989 INR. With a 5-year investment, the revenue is expected to be around +56.49%. Your current $100 investment may be up to $156.49 in 2027.

Which is better GAIL or ONGC?

Gail is trading well below its average PE while ONGC is at a big premium to its history. Gail also offers a better dividend yield, it added. At 12:50 pm, shares of GAIL India were trading 0.19 percent lower at Rs 103.45 apiece while ONGC was trading 1.91 percent lower at Rs 82.15 per share on the BSE.

Is Gail a government company?

GAIL (India) Ltd was incorporated on August 16 1984 as a public limited company with the name Gas Authority of India Ltd. At the time of incorporation all of the shares were held by the Government of India. Initially the company started as a gas transmission company.

Does Gail produce natural gas?

Since inception in 1984, GAIL has been the undisputed leader in the marketing, transmission and distribution of Natural Gas in India. As India’s leading Natural Gas Major, it has been instrumental in the development of the Natural Gas market in the country.

Will GAIL be Privatised?

So, bifurcation, privatisation — what is the government’s plan? Tarun Kapoor: GAIL is not part of any disinvestment plan. The only thing being done — there was also a budget announcement about it — is that an independent TSO will be set up.

Is GAIL a monopoly?

After the bifurcation of the operations of GAIL into gas transportation and marketing, the former may be put under an independent TSO.