GAIL: good fundamental as well as technical bet for next 6 months

Tech Check for GAIL:

GAIL rallied from may's low of around 300 to 370 in July 2012 and started consolidation near its top and retraced to 335 levels but bounced back immediately to regain 350 levels and now trading around 357 near its break out point.

Medium term investors may buy with sl at 334 and target close to 400.

below is the chart for GAIL

Fundamental check for GAIL:

Recent quarter results of GAIL show healthy figures

(Rs m)	Q1FY12	Q1FY13	net change
Sales	88,890	111,120	25.0%
Expenditure	73,118	91,895	25.7%
Operating profit (EBDITA)	15,772	19,225	21.9%
EBDITA margin (%)	17.7%	17.3%
Other income	647	378	-41.5%
Interest (net)	208	588	182.7%
Depreciation	1,782	2,169	21.7%
Profit before tax	14,429	16,846	16.7%
Pretax margin (%)	16.2%	15.2%
Tax	4,582	5,508	20.2%
Profit after tax/(loss)	9,847	11,338	15.1%
Net profit margin	11.1%	10.2%
No. of shares (m)		1,268
Diluted earnings per share (Rs)*		30.0
Price to earnings ratio (x)**		11.8