GAIL (India) Ltd.*GAIL (India) Ltd.*
Inverse Head & Shoulder Pattern: Monthly Basis
(Further Price/Vol. BreakOut/ Consolidation Needed
*Near Multi Year Trendline BreakOut* If broken, huge Upside Possible!!
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Strong Company*
GoI Undertaking, Processes / Distributes Natural gas / Liquefied petroleum. Operates natural gas pipeline network of 13700 km (FY21).
Gas transmission vol. / Gas Trading expected to report steady growth, going ahead favourable spot LNG price trend
Improving Qtrly/Yrly Sales & Profitability (Mar'21 an Aberration).
Low Leverage. Strong TNW. Improving Ops. Cash Flow / WC Cycle
FII stake increasing since Dec'20
Dividend Paying Co.
*Concern:*
Decline in RoA/RoE/ROCE in FY21 Vs. FY21. Need Improvement.
Rs.7500 crore capex in FY22E/FY23E (Coversion in topline to be seen).
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
