GAIL's Gas Games: Indian Giant Flexes While Markets Get Gassy
Key Points
- GAIL (India) Ltd. has shown impressive resilience amid fluct...
Who knew playing with gas could be so profitable? GAIL (India) Ltd. just proved it can hold its breath longer than most during this quarter's global gas price rollercoaster.
Gas Money, Mo' Problems
Despite a dip in standalone profits (blame it on last year's showboating), GAIL's fourth-quarter performance has left brokerage firms collectively nodding in approval. Morgan Stanley, still wearing their 'overweight' badge with pride, confirms that core earnings didn't just meet expectations - they gave them a friendly wave as they zoomed past.
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Investec's numbe...
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