Re-rating on the cards…

29 Dec 2023
5 Min read 
  • GAIL's stock is expected to see a re-rating driven by improved ROE and FCF.
  •  The company's core earnings are strong, with a positive outlook for the oil and gas sector.
  •  GAIL's transmission volumes are projected to grow, driven by increased domestic gas output and rising LNG regasification capacity.
  •  The petrochemical segment is expected to become profitable, supported by improvements in prices and demand.
  •  GAIL Gas, a subsidiary of GAIL, has the potential to unlock value for shareholders.
  •  The company's valuation is favorable, with a revised target price of INR195.
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