Nomura has maintained a buy rating on Gas Authority of India (GAIL) but cut the target price from Rs 190 to Rs 140. Low commodity prices will impact petchem/ LHC/ marketing segments; but, the worst seems priced in. GAIL was trading at Rs 78.60 on Tuesday, up 1.34 per cent from Monday’s closing of Rs 78.15.
GAIL (India) Ltd., incorporated in 1984, is a largecap company with a market cap of Rs 35525.15 crore, operating in the gas & petroleum sector.
