This broking firm has the lowest price target on GAIL. Here’s what it says
“The situation has dramatically turned negative for GAIL in the past few weeks. GAIL’s 2.5 mmtpa (about 15 per cent of its LNG portfolio) contract with Gazprom has run into rough weather due to the ongoing Russia-Ukraine crisis. Rather than being in surplus, it is now significantly short on LT LNG. Thus, the ability to surprise by making large gains on opportunistic sales as such is low,” Kotak said.
