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'Buy' GAIL India, Maintains ICICI Securities On Attractive Valuation, Strong Prospects — Sees Up To 35% Upside
Stocks to Buy: GAIL India's valuations of 9.1x FY27E EPS and 7.2x FY27E EV/Ebitda are attractive and the brokerages' revised target price of Rs 245 implies ~35% upside from current market price.
28 Mar 2025, 10:48 AM IST 
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Driven by multiple factors along with completion of multiple expansion plans by GAIL, ICICI Securities expects steady 9-10mmscmd growth in transmission/trading volumes for GAIL over the next 3-5 years.
(Photo source: Company website)
Nearly 18–20 million metric standard cubic metre per day of volume addition over FY25–27E, stronger tariffs, steady trading margins and additional delta from petrochemicals (JBF acquisition should also add capacity) imply GAIL could see steady earnings growth over FY25–27E, despite the record earnings seen in FY24.
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