gail (Emkay) Higher subsidy burden drags profitability

Higher performance from natural gas trading, Natural gas transmission and Petrochemical segment drives the revenue in Q4FY11; Transmission volume were flat at 120.4mmscmd but likely to increase in FY12; Subsidy payout to be higher than previous year
Date Rating Target Price Recommendation Price Broker house
24 May 2011 accumulate 510 430 Emkay Report

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