GAIL share price target 2025: Brokerage maintains BUY Maharatna PSU; here's why?

L Share Price Target 2025: Japanese investment bank and brokerage Nomura has reiterated a "BUY" call for the state-owned natural gas company, GAIL and has stayed bullish for the company. GAIL Share Price Target 2025 Nomura has maintained its "BUY" rating for GAIL but has slightly revised the target price downwards to Rs 225 from the previous Rs 235. The brokerage noted that GAIL has sought approval from the Petroleum and Natural Gas Regulatory Board (PNGRB) for a 33 per cent tariff hike to Rs 78/mmbtu, up from the current level of Rs 58.59/mmbtu set in April 2023. The request comes amid rising costs of substitute gas used in compressor operations. However, PNGRB’s latest capacity estimate for GAIL’s integrated pipeline is lower than earlier projections. Nomura added that if an integrated tariff hike of over 20 per cent is approved, it could act as a positive surprise.