Fundamental Radar: GAIL India available at attractive valuations; target seen at Rs 128, says Abhijeet Bora
Published On: May 30, 2023
"GAIL is a dominant domestic gas utility company. We have a buy rating on GAIL with a 12-month target of Rs. 128. Valuation of 6.3x/5.9x FY24E/FY25E EV/EBITDA is reasonable given a steep discount of 30% compared to the historical averages," Abhijeet Bora, Deputy VP - Analyst, Sharekhan by BNP Paribas, said.
