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highlights
GAIL India shares are giving good profits to investors.
The stock has jumped 54 percent in the last 6 months.
Brokerage has expressed the possibility of further increase.
GAIL (India) Share Price: Shares of government company GAIL India are giving good earnings to investors. This stock has jumped 92 percent in the last one year. In this way, in just 12 months, GAIL India’s stock has almost doubled the investors’ money. In the last trading session i.e. on Friday, January 2, GAIL India shares had closed at Rs 178.50 (GAIL (India) Share Price) with a rise of 2.76 percent. This stock is now trading near its 52-week high. Its 52-week high is Rs 180 while 52-week low is Rs 91.05.
Brokerage firm Sharekhan expects further growth in GAIL India and has maintained its ‘buy’ rating on this stock. GAIL India Limited’s net profit on standalone basis for the December 2023 quarter of the current financial year jumped 10 times to Rs 2,842.62 crore. Good performance across all business segments, from gas transportation to petrochemicals, has led to strong profit growth. Profit in the July-September 2023 quarter was Rs 2,404.89 crore.
Also read- This stock brought a tsunami of profits, rose by 77 percent in 5 sessions, hit 52-week high today
92 percent return throughout the year
GAIL India shares have given 92 percent returns to investors in one year. This share has increased by 7.40 percent in the last five trading sessions only. This stock has jumped 10 percent in the last one month and 54 percent in the last six months.
Target price increased if profit exceeds expectations
Sharekhan has said in its research report that the net profit of GAIL India has been 29 percent more than its estimates. GAIL trading continued to benefit from strong marketing margins, while LPG-LHC EBITDA growth was driven by higher realisations. The company’s management has increased the FY24 gas marketing EBITDA guidance to Rs 5,500 crore. Sharekhan said that considering the company’s performance and future prospects, GAIL India has increased the target price to Rs 200 per share.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. News18 is not responsible for any profit or loss of yours. will be.)
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Tag: business news in hindi, Share Market, stock tips
first published : February 3, 2024, 11:47 IST
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