GAIL (India) Ltd (GAIL)

GAIL India Hires New LNG Carrier and Reports Strong Q4 Profit - 17 May, 2024

GAIL India has hired a new LNG carrier for 14 years to secure long-term supply of LNG into the Indian market. Additionally, GAIL reported a strong Q4 FY24 net profit of Rs 2,468.71 crore, up by 289% YoY.

GAIL Reports Strong Q4 Results with 260% YoY Profit Increase - 16 May, 2024

GAIL (India) Ltd reported strong Q4FY24 results with a net profit of ₹2,177 crore, a 260% YoY increase. For the full financial year FY24, GAIL's net profit soared 67% to ₹8,836.48 crore as against ₹5,301.51 crore in FY23. However, its total income for FY24 declined 9.6% YoY.

GAIL India Stock Could Witness a Bounce Back, Say Experts - 10 May, 2024

GAIL India's stock has rallied over 60% in the last six months and over 80% in the past year to hit a fresh record high. Although momentum fizzled out soon after, experts suggest that price action indicates a strong base and potential for a bounce back above 200 levels.

Motilal Oswal Recommends Buying GAIL India Stock - 09 May, 2024

Brokerage firm Motilal Oswal has recommended buying GAIL (India) Ltd stock for 2-3 days with a target of Rs 215. The Maharatna PSU stock has provided almost 80% returns to shareholders in the last year, while providing around 17% returns on a YTD basis and 55% in six months. However, the company's shares declined by 4% in the last month.

GAIL (India) Ltd's Reduced P/E Ratio May Not Be Attractive Enough - 03 May, 2024

GAIL (India) Ltd's P/E ratio of 16.7x is lower than the majority of other companies in India, possibly due to its recent earnings decline and expected slower growth compared to the broader market. Analysts estimate a growth rate of 18% per annum for the next three years, which may not be enough to excite existing shareholders.

GAIL (India) Ltd to be impacted by new domestic natural gas pricing structure - 02 May, 2024

The new pricing structure for domestic natural gas in May 2024 will impact GAIL (India) Limited as a key stakeholder in the Indian natural gas sector. The domestic natural gas price has been set at $8.90 per million British thermal units (mmbtu) on a Gross Calorific Value (GCV) basis.

Religare Broking Picks GAIL as Top Pick for May Series - 27 Apr, 2024

GAIL (India) Ltd is Religare Broking's top pick for the May series, with a positive bias expected in the range of 192-230. The stock gained 15% in the previous series and added 10% OI with higher rolls than 3-M average indicating long rolls.

GAIL (India) Ltd Stock Climbs 0.52% - 26 Apr, 2024

GAIL (India) Ltd stock has climbed 89.88% in the last year, with a 52-week high of Rs 213.7 and low of Rs 102.95. The company reported consolidated sales of Rs 35111.76 crore for Q3 2024, up 5.79% from the previous quarter, and net profit of Rs 3194.62 crore. MACD signals bullish bias.

GAIL Aims to Double LNG Trading Volume by 2030 - 25 Apr, 2024

GAIL plans to double its liquefied natural gas (LNG) trading volume by 2030 and become a global LNG trader. The company has long-term contracts for the annual purchase of 14 million tonnes of LNG from various suppliers across the globe and will confine itself to the spot market for now.

Morgan Stanley Bullish on GAIL (India) Ltd - 23 Apr, 2024

Global research and broking firm Morgan Stanley has maintained an overweight rating on GAIL (India) Ltd, giving it a target price of Rs 254 per share. The company's investment in new pipeline capacity is cited as a reason for the bullish outlook.

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.