Friday, December 19, 2014

NOMURA RECOMMENDS BUYING GAIL

Nomura says that negativism on GAIL has been overdone. They Think the duty cut impact  on GAIL will be low.  While the government could nudge GAIL to cut  marketing margins on LNG, the impact would be less than 0.5% of GAIL’s  EPS. Nomura recommends GAIL buying at CMP.

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