Jefferies has reiterated a Buy rating on GAIL with a target price of ₹235, implying a 25.7% upside from its current market price (CMP) of ₹187. Key insights from the report include:
- GAIL is positioned to gain market share in transmission with two major pipeline commissions expected by FY26.
- India’s gas demand outlook remains strong, supporting long-term growth.
- Transmission business rerating likely with a tariff hike by March 2025.
- Projects a 9% EBITDA CAGR for FY24-27E.
- Maintains a constructive outlook on trading profitability in 2025.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Readers are advised to do their own research or consult a financial expert before making any investment decisions.
