GAIL India Limited : Technically solid
Entry price | Target | Stop-loss | Potential |
---|
₹148.35 |
₹163.8 |
₹132.25 |
+10.41% |
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Shares in GAIL India Limited show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● Overall, and from a short-term perspective, the company presents an interesting fundamental situation.
Strengths● Its low valuation, with P/E ratio at 6.73 and 7.39 for the ongoing fiscal year and 2023 respectively, makes the stock pretty attractive with regard to earnings multiples.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● This company will be of major interest to investors in search of a high dividend stock.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
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