Equity Tips BUY GAIL 490 CALL
Upcoming LNG facilities in USA and Australia will completely distort the global gas market equilibrium. We believe that gas prices will remain muted for a long period of time.
FY17 is proving to be a complete turnaround year for GAIL. There will be a boost in profitability across all segments led by (1) higher margins in petchem and LPG. Strong crude prices will lead to firm realisations for petchem and LPG.