GAIL Q2 FY 20 Financial Highlight
Result Analysis :
• Revenue down by 6.4% at 18041 Cr (YOY)
• Net profit down by 45.8% at 1064 Cr (YOY)
• EBITDA decreased by 39.2% at 2001 Cr (YOY)
• EBITDA margin at 11.09% Vs 17.08% down by 599 bps (YOY)
View: Company has reported the weak quarterly result.
**Technical view**- Stock looks weak on the chart. Hurdle around 140, breaks and close above 140 will see upside movement till 148 --- 150 +++ levels in days to come. Support around 120, breaks and close below 120 will take it to 110 levels in days to come.