For Gail, recovery is on the cards: Why it is stock pick of the week

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Natural gas distribution company Gail reported only muted numbers for the first three quarters of 2020-21, mostly because of the Ebitda (earnings before interest, tax, depreciation and amortisation) loss by its gas trading division. However, things improved in the fourth quarter with increase in spot LNG prices. Year 2021-22 is expected to be brighter for Gail due to operational improvements across divisions. After remaining at very low levels,