Friday, November 14, 2008

Stock tips: Buy Gail: Prabhudas Lilladher

Prabhudas Lilladher has maintained its Buy rating on GAIL with a revised target price of Rs 295.

A report released on November 10 said: "Based on the sharp correction in Petchem prices and Petchem demand scenario, we have revised our estimates slightly downwards. Nevertheless, GAIL is quoting at attractive valuations of 7.8x FY10 EPS of Rs27.8 and 1.6x P/BV. We maintain BUY with a revised price target of Rs 295."

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