In one of his previous shows on GAIL (India) Limited, when the stock was trading around Rs 95, Zee Business Managing Editor Anil Singhvi had told viewers that it would reach levels around Rs 135-Rs 140. Now, GAIL share price is trading around Rs 135. The Market Guru had also said that this company will have the best buyback of them all. GAIL will be holding a board meeting on 15 January regarding the buyback and payment of dividend.

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The Market Guru said that GAIL is cash rich and is one of the strongest companies. The only issue is that it has seen a strong rally before the buyback. GAIL share price has appreciated by Rs 7-8 on the last 3 trading sessions. There could be some more action from here, he said.  

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The next step for GAIl is to do an analysis of the buyback price, Singhvi said. He said that this stock is fully priced at Rs 140-142.  

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Anil Singhvi Strategy on GAIL stock 

The Market Guru advised not to do anymore buying in this stock from here even if it opens with a gap. It is time to book profits in GAIL and then wait, he said. If you are a long term investor then you can continue to hold the stock. People who have bought GAIl stock around Rs 90-95 can book profits now.

If you want to keep GAIL stock then do it with a trailing stop-loss.  

He said that it is not wrong to keep a conservative target price. In case of GAIL the Market Guru had earlier suggested that the conservative target price would be around Rs 120-125. Keeping too high targets is risky at times and the investors may hold on to the stock and miss profit bookings at the right time if the stock takes a U turn from there.