gail (DeutscheBank) Q4FY11 results: Higher subsidy burden plays spoilsport

GAIL reports net profit of INR7.8bn; lower than our estimate; Higher subsidy burden dents a strong performance in petrochemicals; Earnings cut by 3% and target price cut by 4%
Date Rating Target Price Recommendation Price Broker house
25 May 2011 hold 480 (from 500) 433 DeutscheBank Report

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