BusinessEmkay Global Upgrades GAIL to Buy with 16% Upside Potential
Brokerage Emkay Global upgraded gas PSU stock GAIL (India) from 'add' to 'buy', citing steady core business, earnings outlook, and attractive valuations. The target price is ₹200, implying a 15.6% upside. Despite the Strait of Hormuz crisis and high LNG prices, India's gas demand improved in 2QFY27. GAIL's gas transmission volumes may exceed FY27 guidance of 123 mmscmd, with strong petrochemical segment EBITDA expected.
Mint Markets·3h ago




