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This Article is From Dec 15, 2020

Motilal Oswal: GAIL India - Improving Macros To Drive Earnings,  Rerating  

Motilal Oswal: GAIL India - Improving Macros To Drive Earnings,  Rerating  
GAIL India building. (Image: Company website)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Owing to the huge demand supply mismatch across the globe on the path of normalization in the post Covid-19 world, spot liquefied natural gas prices and petchem margins are trending at multi-year highs.

GAIL India Ltd. has reported concerns in its gas trading and petchem segment in H1 FY21, which are now likely to see some gains.

The company has outperformed the Nifty by approximately 30% (rallying ~36%) over the last one-month and since its Q2 FY21 result.

Despite the recent rally, the company is trading at 5.4 times FY22E enterprise value /Ebitda and 8.2 times FY22E price /earnings.

Click on the attachment to read the full report:

Motilal Oswal GAIL India Company Update.pdf
VIEW DOCUMENT

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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