Gas Authority of India Limited (GAIL) held an analysts meet where most of them visited the company’s Vijaipur plant to get an insight into its traditional gas transmission business along with the new projects — Green hydrogen plant and small-scale LNG plant operation.
For instance, Nuvama analysts have issued a ‘Hold’ call on GAIL, setting a target price of ₹151 per share.
Motilal Oswal analysts remain positive on GAIL as the capex cycle unwinds. “The company has continued to explore new avenues for investments such as green hydrogen, SSLNG, and even coal to gas/chemicals. At 11 times FY26 P/E (price-earnings) and the current dividend yield of 2%, we believe valuations remain reasonable,” it said while retaining a ‘Buy’ call on the stock and a target of ₹215 per share.
CLSA’s outlook on GAIL is more neutral. They have downgraded the stock to ‘Sell’ and assigned a target price of ₹165 per …