GAIL (India) Ltd Share Price (GAIL)

GAIL India Sees Impressive Returns and Buy Recommendation - 18 Apr, 2024

Investors in GAIL (India) have seen impressive returns of 164% over the past three years, while a market expert recommends buying GAIL shares for upside targets of Rs 224-226.

GAIL Chairman Suggests Measures to Boost Natural Gas Sector - 11 Apr, 2024

GAIL (India) Ltd's chairman has suggested several measures to boost the natural gas sector in India, including bringing natural gas under the GST regime, extending PLI to LNG-powered vehicles, and reducing GST on CNG-powered vehicles. He also mentioned GAIL's plans to add big gas or ethane-based petrochemical facilities.

GAIL (India) Ltd Stock Up 2.33% on Consolidated Sales of Rs 35,111.76 Crore - 10 Apr, 2024

GAIL (India) Ltd stock rose by 2.33% to trade at Rs 208.55 following the company's Q4 FY23 results announcement. The company reported consolidated sales of Rs 35,111.76 crore, up 5.79% from the previous quarter and a net profit of Rs 3,194.62 crore. The MACD signalled a bullish bias.

GAIL (India) Ltd. Receives Buy Rating from Morgan Stanley - 09 Apr, 2024

Global research and broking firm Morgan Stanley has given an overweight rating to GAIL (India) Ltd., projecting a potential upside of 28%. The company is strategically positioned amidst India's ambitious goal of achieving 2.7 times higher gas demand by 2030, making it the fastest-growing fossil fuel in the country.

GAIL India Stock Hits Record High After Morgan Stanley Rating Boost - 08 Apr, 2024

Shares of GAIL (India) Ltd. hit a record high after Morgan Stanley gave the stock an overweight rating and increased its target price to Rs 254 from Rs 213 earlier. The brokerage expects GAIL's market capital to double by 2026 as natural gas gains significance in India's energy mix.

GAIL Files Arbitration Claim Against Gazprom Over Non-Supply of LNG Cargoes - 07 Apr, 2024

GAIL has filed an arbitration claim against Gazprom seeking $1.8 billion for non-supply of LNG cargoes, while SEFE Marketing Trading Singapore rejected GAIL's demand for compensation for non-delivery of LNG supplies under a long-term contract.

GAIL (India) Ltd Expected to See Strong Q4FY24 Results - 06 Apr, 2024

ICICI Securities and Emkay analysts predict a 3.4 times jump in EBITDA and a 2.6 times increase in profit after tax for GAIL (India) Ltd in Q4FY24, driven by higher gas demand, lower gas costs, and stronger trading earnings.

GAIL India Expects Rise in EBITDA, Begins Construction on Large ODC - 05 Apr, 2024

GAIL India expects a 5.8% increase in QoQ EBITDA due to improved volume and margin recovery. Additionally, Engineers India Limited and GAIL have started construction on one of the largest ODCs in Asia at GAIL's Maharashtra plant.

GAIL (India) Volume Spikes and Stock Price Rises - 03 Apr, 2024

GAIL (India) Ltd saw a significant spike in trading volume, rising by 4.48 times the two-week average daily volume, while its stock price increased by 3.60% to reach Rs.189.85. Analysts project a fair value of ₹156 based on 2 Stage Free Cash Flow to Equity.

Jefferies Raises Target Price for GAIL (India) Ltd - 02 Apr, 2024

GAIL plans to commission its first green hydrogen project in central India in April, expected to produce 4.3 metric tons of hydrogen per day using renewable power. Jefferies retained underperform call but raised target price to Rs 150 per share.

Jefferies Maintains Underperform Rating on GAIL India - 01 Apr, 2024

Jefferies has maintained an underperform rating on GAIL (India) Ltd with a target price of Rs 150 per share, implying a downside of more than 17%. The risk-to-reward ratio is unfavourable for the stock. However, GAIL plans to commission its first green hydrogen project this month. In Q3FY24, GAIL reported a multi-fold increase in consolidated net profit.

GAIL Set to Commission First Green Hydrogen Project - 27 Mar, 2024

State-owned natural gas company GAIL is set to commission India's first green hydrogen project in April, utilizing renewable energy sources and a 10 MW proton exchange membrane electrolyser. The news caused the company's stock to rise by 1.57% on BSE.

GAIL Plans First Green Hydrogen Project in India - 26 Mar, 2024

GAIL (India) Ltd is set to commission its first green hydrogen project in central India in April. The unit will use a 10 MW proton exchange membrane electrolyser imported from Canada and produce approximately 4.3 metric tons of hydrogen per day with a purity level of 99.999% by volume.

GAIL's Green Hydrogen Project and Tie-Up Directive by Union Minister - 22 Mar, 2024

GAIL India is set to undertake a 4.3 TPD green hydrogen project, while the Union Minister for Power has directed all gencos to ensure full tie-up of gas with GAIL India Ltd or buy it from the spot market.