InvestorQ : Why has GAIL price been moving up sharply of late?
Tisha Malhotra made post

Why has GAIL price been moving up sharply of late?

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Aashna Tripathi answered.
12 months ago
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GAIL recently touched a yearly high price of Rs.142 and has been consistently on an uptrend ever since it indicated that it could consider a buyback of shares on January 15. The meeting was also supposed to discuss the interim dividend to be declared on the equity shares. GAIL has the advantage of having 70% of India’s gas transmission networks giving stable income.

There has long been a valuation case for GAIL at less than 10 P/E. GAIL also boasts of cost-effective operations, experienced management and sound financials. All these contributed to making GAIL attractive; more so with the gas mix likely to improve.

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