GAIL Share price: Buy with target of Rs 145-Rs 150 with stop loss of Rs 134, says expert
Sharekhan says that GAIL’s valuation of 6.5x its FY2023E EV/EBITDA (27% discount to historical average one-year forward EV/EBITDA multiple of 9x) seems attractive, given expectation of strong earnings revival, potential value unlocking from monetisation of gas pipeline assets, and dividend yield of 5%
Sharekhan says that the recent sharp recovery in Brent crude oil price has considerably improved the earnings visibility for GAIL’s downstream businesses: Reuters