Company Background :
GAIL (India) Limited is an integrated energy company in the hydrocarbon sector. The Company is engaged in gas marketing. The Company's segments include Transmission services, which includes natural gas and liquid petroleum gas (LPG); Natural Gas Trading; Petrochemicals; LPG and other Liquid Hydrocarbons;
City Gas Distribution, and Other Segments, which includes GAIL TEL, exploration and production (E&P), City Gas and Power Generation. The Company is engaged in activities, including transportation through pipeline; manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms; extraction of crude petroleum; extraction of natural gas, and electric power generation, transmission and distribution.
The Company's products and services include natural gas marketing and transmission; petrochemicals (polyethylene and polypropylene), and liquid hydrocarbons production (LPG, propane, pentane and naphtha).
City Gas Distribution, and Other Segments, which includes GAIL TEL, exploration and production (E&P), City Gas and Power Generation. The Company is engaged in activities, including transportation through pipeline; manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms; extraction of crude petroleum; extraction of natural gas, and electric power generation, transmission and distribution.
The Company's products and services include natural gas marketing and transmission; petrochemicals (polyethylene and polypropylene), and liquid hydrocarbons production (LPG, propane, pentane and naphtha).
Stock Performance:
During the last 1 year the scrip has given following returns
1 year - 36%
6 months - 6%
3 months - 4.8%
1 month - 6%
1 week - 4.8%
Recommendation :
The stock has formed a bottom around 370 levels which is a good entry point. We do not expect any fireworks in the near term as the volumes have been dipping indicating waning investors interest.
Buy and add to your long term portfolio. Do not plan to sell unless you have better investment options.
Join the joy of riding the next bull wave. Patient investor can see the scrip going beyond 500 levels and poised to move higher and higher in next 2 years
Raghav
Equity Expert
Smart Investor
Equity Research
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