GAIL's regulated gas transmission segment was the least affected by the coronavirus pandemic-related lockdowns and helped generate an overall positive EBIT margin over the quarter, it said.
ICICI Direct recommended Reduce rating on Gail (India) with a target price of Rs 90 in its research report dated August 14, 2020.
If the rejig happens as per expectations, then SBI Life could be the first insurance company to be added to the benchmark index.
Geojit recommended is bullish on GAIL (India) recommended buy rating on the stock with a target price of Rs 119 in its research report dated July 06, 2020.
GAIL's dominant market position in the regulated utility gas-transmission business, complemented by its diversification into other business segments, and healthy credit metrics were factors governing the rating.
Emkay Global Financial is bullish on GAIL (India) has recommended buy rating on the stock with a target price of Rs 135 in its research report dated June 25, 2020.
To boost gas usage, India is expanding infrastructure including building new liquefied natural gas (LNG) import plants and connecting households with an expanding gas pipe network.
ICICI Direct recommended hold rating on Gail (India) with a target price of Rs 100 in its research report dated June 25, 2020.
Prabhudas Lilladher recommended Hold rating on GAIL (India) with a target price of Rs 108 in its research report dated June 25, 2020.
The company reported a whopping 168.9 percent year-on-year growth in standalone profit for the quarter ended March 2020, driven by tax write-back and strong operating performance.
Natural gas segment revenue was up 6.1 percent YoY to Rs 1,554.2 crore and its earnings before interest & tax rose 15.4 percent to Rs 892.03 crore.
Oil and Natural Gas Corp (ONGC), Indian Oil Corp (IOC) and other public sector oil companies have contributed over Rs 1,000 crore to the Prime Minister CARES Fund to help in the fight against COVID-19 pandemic.
GAIL produces LPG with domestic gas and the cost is fixed, but LPG price is linked to crude.
The offer is for two cargoes loading from the Cove Point plant, they said. One is on a delivered ex-ship (DES) basis into Europe for February to March delivery and another is on a free-on-board (FOB) basis for loading from Cove Point over April 25-27.
The company's Q3FY20 standalone net profit rose 17.5 percent at Rs 1,250.6 crore against Rs 1,064.2 crore in the quarter ended September 2019.
Credit Suisse has the largest overweight on utilities now.
MACD buy signal also provides support to the continuation of bullish price movement
GAIL (India) is trading above strong resistance line standing around Rs 126 levels indicating strong bullish bias to continue further.
Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 7.5 points gain. Nifty futures were trading around 12,300-levels on the Singaporean Exchange.
Sources with direct knowledge of the development said DoT sent a letter to GAIL last month seeking Rs 1,72,655 crore in dues on IP-1 and IP-2 licences as well as Internet Service Provider (ISP) licence.
Morgan Stanley sees 26-67% upside on GAIL India and Godrej Consumer.