MS, Jefferies expect GAIL shares to rise, margin gains likely | Economic Times

MS, Jefferies expect GAIL shares to rise, margin gains likely https://ift.tt/RLT4pKU shares have risen 12.4% since January as against the 11% decline in the Nifty. Morgan Stanley said GAIL's valuation - measured by price to earnings (PE)ratio - at 8 times FY23 estimated earnings is not only attractive but also has the tailwind of an earnings upgrade cycle as clarity on certain pipeline tariffs emerges.