May 25, 2018 / 5:08 AM / 3 months ago

BUZZ-GAIL India rises on strong Q4 results

** Shares of GAIL (India) Ltd rise as much as 3.7 pct to 321.1 rupees, biggest intraday pct gain since May 7

** Company reported a near four-fold rise in March-qtr net profit on Thursday, but missed analysts’ estimates

** UBS reiterates “buy” with price target of 400 rupees

** Performance of petchem and LPG businesses should improve with higher production and rising oil prices and expects consol profit growth of nearly 40 pct in FY19 - UBS

** Of 35 analysts covering stock, 23 rate it “buy” or higher, 9 “hold” and 3 “sell” or lower; median PT 397.50 rupees

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below