106% return in 1 year: This Maharatna PSU stock hits 52-week high after strong quarterly results - Buy, sell or hold?

GAIL share price target: The stock of the nation's largest gas transportation and distribution firm opened gap up at Rs 242.25 - a gain of 3.68 per cent today. It gained further to hit the day's high of Rs 246.35, also a fresh 52-week high. The 52-week low of the stock is Rs 111.50. 

GAIL share price target: Brokerage firm Morgan Stanley has maintained overweight and set a target of Rs 255. Citi has maintained a buy on the stock with a target of Rs 250.

GAIL share price target: GAIL is one of the multibagger PSUs and has given a return of over 106 per cent in one year and over 151 per cent in two years. The counter has already gained over 47 per cent so far this year.

GAIL share price target: GAIL (India) Ltd has reported a 77.5 per cent jump in its June quarter net profit after earnings from the gas marketing business doubled.

GAIL share price target: Consolidated net profit of Rs 3,183.35 crore in April-June was higher than Rs 1,792.99 crore earnings in the same period a year, according to stock exchange filing of the company.

GAIL share price target: While earnings from gas transportation business rose 40 per cent, natural gas marketing margins doubled. Pre-tax earnings from natural gas transmission rose to Rs 1,446.87 crore from Rs 1,028.33 crore in April-June 2023, natural gas marketing earnings soared to Rs 2,036.13 crore from Rs 1,045.87 crore.

GAIL share price target: Revenue from operations rose to Rs 33,692 crore in Q1 FY-25 as against Rs 32,227 crore in Q1 FY-24.

GAIL share price target: The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.