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GAIL GAIL (India) News Story

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in flag iconLast trade - 00:00
UtilitiesBalancedLarge CapNeutral

India's GAIL set for weekly rise on hopes of higher new pipeline tariffs

** Gail (India) GAIL.NS up about 3% this week, set for best week since June 27

** J.P.Morgan ("Neutral", PT: 186 rupees) expects new pipeline tariffs by Oct 30; GAIL seeks hike to 78 from 58 rupees/mmbtu

** Brokerage estimates higher tariffs could boost annual EBITDA by 34 bln rupees ($385.13 million)

** Citi ("Buy", PT: 220 rupees) says potential GAIL Gas listing could unlock 5-6% value but tariff hike remains "key catalyst"

** Avg rating of 32 analysts is "buy"; median PT of 215 rupees - data compiled by LSEG

** Stock down nearly 6% YTD

($1 = 88.2830 Indian rupees)

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))

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