GAIL (India) Ltd

(GAIL)

GAIL Stock Declines, Market Cap Drops Significantly - 12 Nov, 2024

On November 12, 2024, GAIL (India) Limited's stock fell by 3.46%, resulting in a market capitalization decrease of Rs 4,613 crore. The stock traded at Rs 195.90.

Motilal Oswal Recommends Buy on GAIL (India) - 11 Nov, 2024

Motilal Oswal Financial Services has a buy rating on GAIL (India) Ltd with a target price of Rs 265, citing strong fundamentals and growth potential in various segments. The company reported a net profit of Rs 2323.73 crore for the latest quarter, despite a slight decline in total income. Promoter and institutional ownership remains robust.

GAIL Faces Share Decline Amid LNG Acquisition Plans - 08 Nov, 2024

On November 8, GAIL (India) Ltd experienced a 2.75% drop in shares, leading to a ₹3,750 crore market cap loss. Concurrently, GAIL announced plans to acquire 60 LNG cargoes over five years, with a tender closing soon.

GAIL Reports Strong Q2 Performance Amid Mixed Analyst Views - 07 Nov, 2024

GAIL (India) Ltd reported a 10% rise in Q2 FY25 net profit, driven by gas transmission and petrochemical segments. Analysts are divided, with some upgrading ratings while others express valuation concerns. The company anticipates favorable growth factors for the upcoming fiscal years.

GAIL Reports Strong Q2 Earnings, Positive Analyst Outlook - 06 Nov, 2024

GAIL (India) Ltd reported a 10% rise in Q2 net profit to Rs 2,690 crore, with analysts from Morgan Stanley and Jefferies issuing positive ratings and growth forecasts. The company's revenue from operations also showed marginal growth, supported by strong performance in gas transmission and petrochemicals.

GAIL Reports Strong Q2 FY25 Earnings Growth - 05 Nov, 2024

GAIL (India) Ltd reported a 9.41% increase in net profit to ₹2,672 crore for Q2 FY25, driven by improved earnings in gas transmission and a turnaround in the petrochemical segment. Revenue from operations rose 3% to ₹32,912 crore. The company expects continued profitability in the petrochemical segment for FY 2024-25.

GAIL (India) Schedules Q2 Results Meeting - 04 Nov, 2024

GAIL (India) Limited will hold a Board meeting on November 5, 2024, to discuss Q2 results. The stock closed at Rs 200.20, up 0.13%, despite a 16.48% decline over the past month. Year-to-date, shares have increased by 20.38%. GAIL's trading window is closed until November 7, 2024, due to insider trading regulations.

GAIL Engaged in Major Joint Venture Projects - 03 Nov, 2024

GAIL (India) Ltd is involved in significant joint venture projects with Coal India, BHEL, and SAIL in Odisha and West Bengal, enhancing its operational footprint.

GAIL Reports Strong Q1 Results Ahead of Q2 Earnings - 02 Nov, 2024

GAIL (India) Ltd is set to announce its Q2 results on November 5. In Q1FY25, the company reported a 77% increase in profit-after-tax, reaching ₹3,183.35 crore, alongside a 6% rise in consolidated revenue to ₹34,821.89 crore compared to the previous year.

GAIL and VERBIO Sign MoU for Biogas Plants - 29 Oct, 2024

GAIL (India) Limited and VERBIO India Private Limited signed an MoU to explore Agricultural Residue-based Compressed Biogas plants in India, promoting sustainable energy. GAIL may also consider acquiring equity in VERBIO's existing CBG plant in Punjab. The stock has risen 80% from its 52-week low, reflecting strong performance.

GAIL Advances in Green Hydrogen and Biogas Initiatives - 26 Oct, 2024

GAIL (India) Limited signed an MoU with VERBIO India to establish biogas plants and received the Green Hydrogen Project of the Year award for its pilot project in Madhya Pradesh, highlighting its commitment to sustainable energy solutions.

GAIL Partners with VERBIO for Biogas Development - 25 Oct, 2024

GAIL (India) Limited has signed a Memorandum of Understanding with VERBIO India to collaborate on developing Agricultural Residue-based Compressed Biogas facilities, aiming for joint ventures and feasibility studies.

GAIL Cuts APM Gas Allocation, Raises Costs - 23 Oct, 2024

GAIL (India) Ltd has reduced the APM gas allocation for CNG by 20%, leading to a predicted price rise of Rs 2-3 per kg for city gas distribution companies. This change, effective October 16, 2024, poses challenges for the sustainability of these companies.

GAIL India Pursues Long-Term LNG Supply Agreement - 22 Oct, 2024

GAIL India aims to finalize a new long-term LNG supply deal by year-end to address increasing gas demand, anticipating a doubling of gas usage by 2030.

GAIL Reduces Domestic Gas Allocation Impacting Profitability - 19 Oct, 2024

GAIL (India) has announced a reduction in domestic gas allocation effective October 16, 2024, by approximately 21%. This change is expected to adversely affect the profitability of the affected companies.