GAIL India Share Performance and Future Outlook

Startup Business Economy

Posted by pallavi on 2024-07-30 05:01:31 |

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Recent Share Performance

GAIL India closed at ₹231.9 on July 29, 2024, marking a 0.56% increase from the previous day's ₹230.6. The stock opened at ₹229.2 and reached a high of ₹232.55 before closing at ₹228.55 the previous day. With a market capitalization of ₹151,621.8 crore, GAIL's 52-week range is between ₹239.2 and ₹111.5. The trading volume on the BSE was 2,111,298 shares.

Shareholding and Return Metrics

In the June quarter, GAIL's mutual fund (MF) holdings decreased to 7.86% from 8.44% in March, while foreign institutional investor (FII) holdings increased to 15.18% from 14.15%. The company posted a return on equity (ROE) of 13.95% and a return on investment (ROI) of 10.49% in the most recent fiscal year. Analysts project ROE to rise to 14.83% in the current fiscal year and 14.80% in the next.

Financial Performance and Projections

GAIL has demonstrated strong financial performance with an 18.40% EPS growth and 32.47% revenue growth over the past three years. The company reported a revenue of ₹1334995 crore in the last twelve months, slightly above the previous fiscal year. Despite a slight projected revenue decrease of 0.61% for the upcoming quarter, profit is expected to rise by 24.87%.

Analyst Ratings and Future Projects

Analysts have a consensus rating of "Hold" for GAIL, with a median price target of ₹212, representing an 8.58% decline from the current price. The target range spans from ₹148 to ₹265. Recently, GAIL announced a ₹60,000 crore ethane cracker project in Madhya Pradesh, attracting mixed reactions from brokerages. JP Morgan maintains a neutral stance with a target of ₹184, while Morgan Stanley remains overweight with a target of ₹255, citing potential diversification benefits from the project.

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