GAIL share price target: Is it right time to invest in PSU stock

Brokerages have revised their respective targets for the GAIL stock after the PSU reported its Q3 earnings. Check out the latest targets and calls-

HSBC, Citi

Both HSBC and Citi have maintained a 'buy' call on GAIL and have raised the target prices to Rs 200 and Rs 195, respectively.

JP Morgan, Nomura

Similarly, JP Morgan and Nomura have maintained a neutral rating each on GAIL. The revised target prices for the counter stand at Rs 170 and Rs 185, respectively.

CLSA

CLSA has downgraded the counter to sell from reduce with a target price of Rs 165.

Jefferies

Jefferies has maintained an underperform rating. However, it has raised the target to Rs 150 from Rs 143.

What does GAIL do?

GAIL (India) was incorporated in August 1984 as a Central PSU under the Ministry of Petroleum & Natural Gas (MoP&NG), with the mission of “accelerating and optimizing the effective and economic use of Natural Gas and its fractions for the benefit of the national economy”. Image: Reuters and others