GAIL’s share price is trading at ₹183.9, gaining 5.29% on Monday, March 24, 2025. The stock opened at ₹178.25 and touched a high of ₹186.5 before pulling back slightly. The main reason for this rise is the latest developments regarding the Petroleum and Natural Gas Regulatory Board (PNGRB). The board has received industry feedback on proposed changes to natural gas tariffs, which could benefit companies like GAIL.
PNGRB’s New Gas Tariff Rules May Benefit GAIL
PNGRB is planning to amend the Natural Gas Pipeline Tariff Regulations, 2008. It has invited public comments on these changes until April 11. Brokerage firm Citi believes that one major update is allowing companies to claim the cost of contractual LNG as an expense, which could benefit GAIL.
Additionally, the proposed regulations suggest easier volume assumptions after a 75% utilization threshold, which could be favorable for Gujarat State Petronet Ltd (GSPL).
What Analysts Say About GAIL Stock
Market analysts are mostly positive on GAIL. Out of 35 analysts covering the stock, 27 have given a “buy” rating, five suggest “hold,” and three recommend selling. Experts predict a potential 16% upside for GAIL in the near future.
Currently, GAIL is trading at ₹182.87, up 4.5% for the day, while GSPL is up 3.3% at ₹298.3. However, both stocks are still down 25-35% from their 52-week highs.