Large cap Maharatna public sector undertaking (PSU) GAIL (India) shares today settled at Rs 167.00 per share on Bombay Stock Exchange (BSE) with intraday gain of 1.06%. Board of Directors of GAIL today recommended an interim dividend of Rs 6.50 (or 65%) for the financial year 2024-25. The company fixed February 7, 2025 as the record date for interim dividend. The dividend yield of the stock stood at 3.29%. It has so far declared a total of 48 dividends since September 3, 2001.
The company has a market capitalisation of Rs 1,09,804.16 crore and offers return on equity (ROE) at 14.78%. FII/FPI reduced holdings from 16.79% to 16.05% in December 2024 quarter. Mutual Funds surged holdings from 9.05% to 10.08% in December 2024 quarter. Check key details below:
GAIL (India) Recommends Interim Dividend
According to the regulatory filing of the company dated January 30, 2025, “the Board of Directors of the Company in its meeting held today i.e. 30.01.2025, inter-alia, approved the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and nine months ended 31.12.2024 and the payment of Interim Dividend for the financial year 2024-25 @ 65 % (Rs. 6.50 per equity share) on the paid-up equity share capital of the Company.”
GAIL Sets Record Date For Interim Dividend
The exchange filing of the firm added, “The Interim Dividend will be paid with reference to the ‘Record Date’ i.e. Friday, 07 th February, 2025 fixed for the said purpose.”
GAIL India Share Price Target
According to latest report of A R Ramachandran, SEBI registered Independent research analyst, “GAIL stock price is bullish on the Daily charts with strong support at 165. A Daily close above resistance of 174 could lead to a target of 197 in the near term.”
Earlier, brokerage Motilal Oswal Financial Services, in its report dated December 24, 2024, recommended buy call with a target price of Rs 265 per share.
GAIL Shares Performance
The 52-week high price of GAIL share on BSE stood at Rs 246.35 per share (climber on 31/07/2024) and 52-week low price is Rs 163.35 per share (touched on 28/01/2025), respectively. GAIL shares slipped 6.86% in last 1-week, fell 28.53% in last 6-months, and 2.94% in last 1-year. GAIL stock rallied 75.88% in last 2-years, rose 103.06% in last 5-years, and jumped 109.83% return in last 10-years.
GAIL Q3 Results
The company today announced its consolidated net profit at Rs 4084 crore for the October-December quarter of FY25, up 28% as against the net profit of Rs 3193 crore declared in the corresponding quarter of last year. The company announced surge of 6.23% in its revenue from operations to Rs 36,937 crore for the October to December quarter of FY25 as against Rs 34,768 crore declared in the similar quarter of last year.
During the quarter, Average Natural Gas Transmission volume stood at 125.93 MMSCMD as against 130.63 MMSCMD in Q2 FY25. Gas marketing volume stood at 103.46 MMSCMD as against 96.60 MMSCMD in previous quarter. LHC sales stood at 282 TMT as against 253 TMT & Polymer sales stood at 221 TMT as against 226 TMT in comparison to previous quarter, as per the BSE filing.
Shri Sandeep Kumar Gupta, Chairman & Managing Director, GAIL informed that in Q3 FY25, GAIL has accounted for an exceptional income of US$ 285 million (Rs. 2,440 crores) from SEFE Marketing & Trading Singapore Pte. Ltd as settlement towards withdrawal of arbitration proceedings, added the BSE filing.
About GAIL (India) Ltd
GAIL (India) is India’s renowned natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, petrochemicals, city gas, E&P, etc. It owns and operates a network of around 16240 km of natural gas pipelines spread across the length and breadth of country. It is also working concurrently on execution of multiple pipeline projects to further enhance the spread. GAIL commands ~66% market share in gas transmission and has a Gas trading share of over ~ 54% in India, according to its official website.
Disclaimer
The stock has been picked from the brokerage report of A R Ramachandran and Motilal Oswal. Money Daily, the Author, and the respective Brokerage House will no be held accountable for any losses caused as a result of decisions based on the article. MoneyDaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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