News for GAIL (India) Limited (GAIL.BO)

Shares of HPCL surged as much as 5.1%, while IGL and GAIL India stocks rallied over 2% as Brent crude prices dropped for the 3rd straight session.

'This agreement strengthens our long-standing partnership with Indian Oil and is a testament to the dynamic and robust energy ties between the UAE and Indi...

GAIL partners with Accelera by Cummins for sustainable energy projects, focusing on hydrogen production and storage in India.

Stocks including Tata Motors, Bajaj Finance, Infosys, Afcons Infrastructure, Voltas, GRSE, Raymond, JK Cement, GR Infra and more will be in the spotlight on Thursday, January 30.

A total of 170,944 shares changed hands on the counter till 12:11PM (IST)

Mahanagar Gas Ltd. on Monday said that its board of directors is scheduled to meet on Jan. 28, 2025, to consider and approve interim dividend to the equity shareholders. At the same meeting, which will be organised next Tuesday, the board will also consider and approve the consolidated financial results for the quarter and nine months ended Dec. 31, 2024, according to the company’s exchange filing.

GAIL (India) Ltd has agreed to a $285 million settlement with SEFE Marketing & Trading Singapore Pte Ltd over a $1.817 billion compensation claim for undelivered LNG. GAIL initiated legal proceedings in December 2023, following non-delivery under a long-term deal. SEFE had halted supplies in June 2022 due to sanctions on Russia after the Ukraine invasion.

The stock quoted a 52-week high price of Rs 246.35 and low of Rs 155.85.

GAIL (India) Ltd finalizes a settlement with SEFE Marketing & Trading Singapore, resulting in a $285 million payment and withdrawal of the arbitration proceedings. GAIL's Q2 profit increases by 11% YoY to Rs 2,672 crore, with a notable improvement in petrochemicals and gas transmission revenues.

Stocks including Reliance Industries, GAIL Infosys, HDFC Life, L&T Technology, Swiggy, RVNL, Happiest Minds, CEAT, Azad Engineering, IRFC and more will be in the spotlight on Wednesday, January 15.

The market capitalisation of India's listed public sector firms plunged ₹16.55 lakh crore since August 1, erasing nearly 30% of their value-the steepest decline among large groups.

Mahanagar Gas Limited's domestic gas allocation to increase by 26%, boosting profitability and stock performance on NSE.

Stocks including Tata Consultancy Services, IREDA, Shriram Finance, Tata Elxsi, NTPC Green Energy, CESC, Adani Wilmar, PCBL, Mazagon Dock, SRF and more will be in the spotlight on Friday, January 10.

Puravankara Ltd acquires land in Bengaluru for housing project; Adani Wilmar offers stake sale; GAIL increases gas allocation.

The government has increased the allocation of cheap domestic gas to Indraprastha Gas Ltd (IGL) by 31% starting January 2025. This will boost IGL's profitability. The company also secured additional regasified liquefied natural gas at competitive prices. Recent cuts in cheap domestic gas had raised costs for city gas companies and affected their stock prices.

IGL share price: The scrip traded lower than the 5-day, 100-, 150-day and 200-day simple moving averages (SMAs) but higher than the 10-day, 20-, 30-day and 50-day SMAs. The stock's 14-day relative strength index (RSI) came at 55.74. A level below 30 is defined as oversold while a value above 70 is considered overbought.

PSU stocks, including RVNL, Cochin Shipyard, and Mazagon Dock, saw substantial growth in 2024, outperforming benchmark indices. Driven by low valuations, revenue visibility, and improved performance, some became multibaggers. However, Q1FY25 earnings disappointments led to a recent downturn. Analysts predict market volatility in 2025 but remain optimistic about PSU sectors tied to government spending.

Natural gas company GAIL (India) Limited has significantly outperformed the market benchmark in the last one year with 45.5% returns compared to BSE Sensex with 16.9% returns. Is it a good buy?

Godawari Power & Ispat secured a 7-year RLNG gas supply agreement with GAIL for its new pellet plant. The company's stock, which has performed well this year, closed at Rs 234.10 after a 1.6% rise. The stock is currently trading above its key moving averages.