JM reiterated a 'Buy' rating on GAIL, expecting around 5 per cent CAGR in natural gas transmission volumes in the medium to long term, supported by India’s efforts to increase the share of gas in the energy mix.
According to Nuvama Institutional Equities, GAIL's Q2 FY26 EBITDA fell 15 per cent year-on-year (YoY) to Rs 3,200 crore, though it was 5 per cent above consensus and 3 per cent ahead of its own estimate, aided by better marketing margins and a 2 per cent rise in blended tariff.
Shares of GAIL closed 0.76% lower at Rs 183.80 on Thursday against the previous close of Rs 185.20. Market cap of the firm stood at Rs 1.20 lakh crore.
GAIL reported revenue from operations at Rs 35,428.81 crore for Q1FY26, up 1.7 per cent over Rs 34,821.89 crore in the same quarter a year ago.
Emkay Global suggested a 'Buy' rating on Mahanagar Gas (MGL) with a target of Rs 1,700. It has 'Add' rating on Indraprastha Gas (IGL) with a target of Rs 230 and 'Reduce' rating on Gujarat Gas with a target of Rs 480.
IGL shares led the fall, tanking 4.11 per cent to Rs 194.80. It was followed by OMC stocks BPCL, HPCL and IOC, which declined 3.86 per cent, 2.80 per cent and 2.20 per cent, respectively.
GAIL share price: The stock traded higher than the 5-day, 10-, 20-, 30-day and 50-day simple moving averages (SMAs) but lower than the 100-day, 150-day and 200-day SMAs.
GAIL share price: State-run gas marketing player surged 7 per cent during the trading session on Monday after PNGRB initiated the process to amend tariff regulations.
IGL share price: The scrip traded lower than the 5-day, 100-, 150-day and 200-day simple moving averages (SMAs) but higher than the 10-day, 20-, 30-day and 50-day SMAs. The stock's 14-day relative strength index (RSI) came at 55.74. A level below 30 is defined as oversold while a value above 70 is considered overbought.
GAIL India shares rose 6.89 per cent to Rs 209.95 on BSE. At prevailing price, the stock trades at 1.6 times FY27 book value and 10.9 times FY27 EPS. The oil PSU has gained 25.53 per cent in 2024 so far.
With a surge of 152% YTD, Oil India is the top gainer; its shares soared to Rs 627.10 on September 6 from Rs 248.23 on December 29, 2023





