India's GAIL drops on smaller-than-expected tariff hike by regulator

GAIL (India)

28/11/2025 04:21

** Shares of GAIL (India) GAIL.NS drop 5% to 175 rupees, lowest since October 14

** GAIL set for worst session since August 5, 2024 if trend holds

** Co's transmission tariff revised up by 12% to 65.7 rupees per mmbtu by the Petroleum and Natural Gas Regulatory Board

** Tariff hike lower than the 20% hike to 78 rupees that co had sought - Jefferies

** The regulator will consider actual capex, opex and

 transmission loss in the next tariff revision effective FY29 - Jefferies

** Jefferies says tariff hike broadly in line with our expectation

**  Transmission vol to recover in FY27, normalization of summer should aid natural gas demand benefiting GAIL- Jefferies

** Stock rated "buy" on avg by 33 analysts covering it' median PT at 214 rupees- data compiled by LSEG

** YTD, GAIL down ~9%

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))