Motilal Oswal has a buy call on
GAIL (India) with a target price of Rs 205. The current market price of GAIL (India) is Rs 155.15.
GAIL (India) Ltd, incorporated in the year 1984, is a Large Cap company with a market cap of Rs 68870.37 Crore, operating in Gas & Petroleum sector.
GAIL (India) Ltd s key Products/Revenue Segments include Gas Natural, Polymers, Sale of services, Propane, Other Operating Revenue, Compressed Natural Gas (CNG), Power, Oil Crude and Income From Telecom for the year ending 31-Mar-2020.
Investment Rationale
Despite the ~23 per cent outperformance in CY21 and ~49 per cent in last six months, the stock trades at ~28 per cent discount to its 1-year forward long term PE average. Motilal Oswal doesn’t ascribe any valuation so far to GAIL Gas. However, if volume pick up commences in the CGDs (City Gas Distribution), especially Bangalore, then it may result in additional value. With potential of earnings revision by ~15 per cent as highlighted above, Motil
Editor:
Thereâs a popular quote that reads âPoliticians use statistics like drunks use lampposts â for support rather than illumination.â
The same could be said for a report by the Ohio River Valley Institute, which alleges oil and gas development has done little for 22 resource-rich counties in Pennsylvania, Ohio and West Virginia over the last decade.
Based on questionable methodology, the findings contradict the empirical evidence we observe each and every day in the field, especially in agricultural communities across the state. The only thing the report really proves is that there remains a huge disconnect among individuals who simply donât want to admit or donât understand how much traditional resources power our everyday lives.
MARQUETTE, MI The U.P. Energy Task Force submitted to Gov. Gretchen Whitmer on Wednesday 16 recommendations that would improve affordability, enhance reliability and promote energy security for residents of the Upper Peninsula.
Citing exceptional geography that has hindered its infrastructure development and contributed to market dynamics that expose U.P. families and businesses to some of the nation’s highest electricity rates and energy supply vulnerabilities, the Task Force’s Upper Peninsula Energy Task Force Committee Recommendations: Part II – Energy Supply suggests actions the Governor, State Legislature and state agencies can take to alter the status quo of the region’s energy landscape.
Handout
Robin Shaban is principal at Vivic Research, an economic consulting firm that provides data-driven research for policy makers and advocates.
Rogers and Shaw issued a joint communique on Monday announcing their intent to merge, a deal totalling $26-billion, including debt. The two companies also claim the merger will create $1-billion a year in synergies within
two years after it
is finalized.
Their synergies claim is interesting because, if upheld, it will severely hamper the Competition Bureau’s ability to take meaningful action to protect competition in the industry, further contributing to the high prices Canadians pay for telecommunications services. The core problem is Canada’s so-called efficiencies defence for mergers, contained in Section 96 of the Competition Act.
RYEGATE (AP) â A propane leak apparently led to an explosion that destroyed a mobile home in the central Montana town of Ryegate, killing two people who owned a bar there, Golden Valley County officials said.
The explosion happened at about 9 p.m. Friday and debris was found up to three blocks away, Undersheriff Mark Olson said. While autopsies are pending, Olson said heâs certain the victims are Curtis Ronning and Christin DeBuff, owners of the Ryegate Bar & Cafe.
Two men who went into the house to try and rescue the victims became trapped when the roof collapsed and suffered second-degree burns, Olson said. A third man pulled them through a window to safety, he said.