UBS lifts Gail India PT on transmission growth, commodity margin tailwinds

GAIL (India)

22/09/2026 05:13

** UBS raises Gail India's GAIL.NS price target to 215 rupees from 205 rupees and reiterates "buy" rating
** Brokerage says stronger-than-expected gas trading margins and resilient domestic gas demand set up the next leg of earnings upgrades
** UBS expects transmission volumes to remain supported by healthy LNG arrivals and forecasts higher transmission EBITDA contributions in FY27-FY28
** Brokerage says firmer crude prices and lower U.S. Henry Hub-linked feedstock costs could boost trading, LPG and petrochemical margins
** Stock up 0.5% at 173.50 rupees 
** Avg rating of 31 analysts on stock at "buy"; median PT is 196 rupees - LSEG-compiled data
** YTD, stock up 0.9% vs energy index's .NIFTYENR 7.7% climb


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))