Emkay Global suggested a 'Buy' rating on Mahanagar Gas (MGL) with a target of Rs 1,700. It has 'Add' rating on Indraprastha Gas (IGL) with a target of Rs 230 and 'Reduce' rating on Gujarat Gas with a target of Rs 480.
IGL shares led the fall, tanking 4.11 per cent to Rs 194.80. It was followed by OMC stocks BPCL, HPCL and IOC, which declined 3.86 per cent, 2.80 per cent and 2.20 per cent, respectively.
GAIL share price: The stock traded higher than the 5-day, 10-, 20-, 30-day and 50-day simple moving averages (SMAs) but lower than the 100-day, 150-day and 200-day SMAs.
GAIL share price: State-run gas marketing player surged 7 per cent during the trading session on Monday after PNGRB initiated the process to amend tariff regulations.
IGL share price: The scrip traded lower than the 5-day, 100-, 150-day and 200-day simple moving averages (SMAs) but higher than the 10-day, 20-, 30-day and 50-day SMAs. The stock's 14-day relative strength index (RSI) came at 55.74. A level below 30 is defined as oversold while a value above 70 is considered overbought.
GAIL India shares rose 6.89 per cent to Rs 209.95 on BSE. At prevailing price, the stock trades at 1.6 times FY27 book value and 10.9 times FY27 EPS. The oil PSU has gained 25.53 per cent in 2024 so far.
With a surge of 152% YTD, Oil India is the top gainer; its shares soared to Rs 627.10 on September 6 from Rs 248.23 on December 29, 2023
GAIL shares: Emkay Global hiked its FY25-26 EPS estimates by 6-8 per cent each, mainly on higher gas transmission and marketing income. It raised its September 2025 target price by 23 per cent to Rs 270 per share.
Retail investors bought additional shares of BDL, Canara Bank, HAL and The Jammu & Kashmir Bank. They trimmed stakes in Rashtriya Chemicals and Fertilizers Ltd (RCF), HUDCO and Ircon International Ltd.
Analysts at Axis Securities said that RailTel has demonstrated a breakout above the consolidation zone pattern on the weekly chart, indicating the continuation of the medium-term uptrend.
GAIL (India) Ltd Stock Price Live: The GAIL (India) Ltd has been in focus today amid company-specific news and/or recent price action on the counter. GAIL (India) Ltd shares settled the previous traded session at ₹180.50, up 3.68%. The stock has traded in a wide range of ₹196.35 and ₹102.35 in the last one year. At last count, the GAIL (India) Ltd sector company commanded a market capitalisation of ₹1.19 Lakh Crore. Here’s a deep dive GAIL (India) Ltd stock performance, peer returns, historical details, & other insights