CLSA has maintained an Outperform rating on GAIL (India) Ltd, with a target price of ₹200, indicating a potential upside of approximately 11.2% from the current market price of ₹179.90.
The brokerage noted that Q1 EBITDA and EBIT came in ahead of estimates, primarily driven by a stronger-than-expected performance in the gas transmission segment. However, this was partially offset by lower other income and higher interest costs.
CLSA also flagged misses in gas trading and LPG/LHC production, while the petrochemicals segment posted another quarterly EBIT loss of ₹250 crore, continuing to weigh on overall profitability.
Disclaimer: This article is based on CLSA’s brokerage report and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
