65% return in 6 months: This PSU stock gets target of Rs 254 - Check details

GAIL Share Price Target NSE, BSE, Maharatna PSU Stock to Buy: Shares of GAIL opened in green on Tuesday as equity benchmark indices started the day higher on global cues. The NSE Nifty 50 opened up by 110.65 points or 0.50 per cent at 22,447.05, while the BSE Sensex jumped 400.48 points or 0.54 per cent to 74,048.94 in the opening trade. The shares of Maharatna PSU opened at Rs 201.25 and went on to touch the day's high of Rs 202.50 on the BSE. The counter had closed at Rs 198.80 in the last trading session. Last seen, it was trading at Rs 200.50.

GAIL Share Price Target NSE, BSE

Global research and broking firm Morgan Stanley is bullish on GAIL and has given a target price of Rs 254. From the current market price of Rs 200.50 per equity share, the counter still has the potential of offering around 27 per cent return. 

GAIL Share Price History

If we look at the performance of GAIL, the counter has given a return of 60 per cent in the last 6 months. In the last one year, the share has surged around 85 per cent. At the same time, the stock has risen by about 20 per cent so far this year. 

Shares of GAIL, which has a market cap of Rs 1,31,534 crore, have a 52-week high of Rs 213.70 and a 52-week low of Rs 102.95.

Meanwhile, GAIL announced an interim dividend of Rs 5.50 this year and the ex-date for this corporate action was February 6, 2024. 

GAIL Share Price Target NSE, BSE: Morgan Stanley's view

- GAIL has invested in new pipeline capacity and expanded its network vs. GSPL, which has had limited capacity expansion and has seen nearly 95 per cent network utilization.

- India's regulatory framework for pipeline tariff remains unchanged with a five-year pipeline tariff reset and 12 per cent post-tax IRR.

- Importantly, also note that GAIL's pipeline tariff was revised in F23.