GAIL is trading at 11.6x Mar-26E EPS, only 1% premium to five-year average despite stronger volume growth outlook in core business of gas transmission. Adjusting for value of investments, stock is trading at inexpensive 8.8X FY26E earnings. TP ₹260 (23%)
GAIL is trading at nexpensive 8.8X FY26E earnings. Buy for target price of ₹260 (23% upside)
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