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GAIL improves in Q2 as lockdowns ease, demand for gas grows in cities

Rebound in performance, improved gas transmission prospects and inexpensive valuations are keeping analysts positive.

Topics
GAIL | GAIL India | Q2 results

Ujjval Jauhari  |  Mumbai 

The gradual improvement in GAIL’s performance following the easing of lockdowns — evident from its September quarter (Q2) results — has spurred Street sentiment. The GAIL stock has gained over 4 per cent in two sessions after the results announcement.

The company, operating India’s largest pipeline network for gas transmission, is seen as a major beneficiary of an uptick in domestic gas demand. Growing city gas distribution, and rising demand for cleaner and cost-effective fuel from automobiles and industrial sectors, will improve it’s transmission ...

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First Published: Wed, November 11 2020. 19:35 IST
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