India's GAIL falls on volume disruption concerns

GAIL (India)

23/03/2026 07:26

** Shares of GAIL (India)GAIL.NS fall 4.76% to 136.11 rupees

** Antique Stockbroking flags volume-led disruption to earnings outlook and lower gas transmission volumes as key near-term risk for profitability visibility

** Says disruptions tied to supply-side constraints could weigh on pipeline utilisation and earnings trajectory

** However, broker notes current valuations remain attractive relative to historical averages and peers, offering medium-term comfort

** Adds structural gas demand outlook remains intact despite near-term volatility

** Stock rated "buy" on average by 33 analysts, median PT at 190 rupees -- LSEG data

** YTD, stock down more than 17%

(Reporting by Surbhi Misra in Bengaluru)

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