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Home > Uncategorized > GAIL India share price to rise 60 pct in just one year! Huge ‘money-making opportunity’, say experts

GAIL India share price to rise 60 pct in just one year! Huge ‘money-making opportunity’, say experts


GAIL share price has moved from Rs 114.50 per stock levels to Rs 100.20 in the last one month. During this period, GAIL share has made a high of Rs 130.30 and a low of Rs 99.65. So, GAIL India shares are at their lowest levels, making it one of the most lucrative shares to buy for the stock market investors. According to share market experts, GAIL share price is promising and is poised to showcase an upside trend. Experts have put GAIL target price at Rs 160 in the long-term perspective – 12 months.

Speaking on the GAIL India share price, Sabri Hazarika, Research Analyst at Emkay Global said, “GAIL management has maintained its overall gas transmission volume CAGR guidance of 5 to 6 per cent year on year (yoy) for FY21/22. 1.5mmscmd gas offtake would be from the Matix fertilizer plant in Durgapur, which is expected to ramp up by June 2020.” 

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Further elaborating upon the fundamentals of GAIL India stock price Hazarika said that about 5mmscmd of volumes in the JHBDPL pipeline is expected to come online by December 2020 through the Sindri fertilizer plant (2.2mmscmd), the Ramagundam plant (2mmscmd) and 1mmscmd of Matix ramp-up to full capacity. Asked about the GAIL share target for which an investor can buy Hazarika said, “Once the market becomes stable GAIL India shares can become a huge money-making stock. In my view, one can buy GAIL shares for the target of Rs 160 in a 12-month perspective as it is a portfolio stock.”

Speaking on the GAIL India shares Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal said, “GAIL share price has immediate support at Rs 93 per stock levels and the next support for the GAIL shares is Rs 85. Those who are holding GAIL India shares should strictly maintain a stop loss below Rs 93 as the market is under the Coronavirus heat and even lucrative stocks are getting affected by the Chinese virus caused selloff.” 

Taparia suggested share market investors keep an eye on the Nifty index as it has strong support at 11,100 levels and once this level is broken, even a good stock with promising fundamentals can go down.





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