GAIL shares unmoved after PNGRB fixes integrated tariff; what should investors do?

Global brokerage Jefferies sees a 17% Ebitda increase in FY24E with part of the benefit offset by higher operating costs. LPG profitability will be impacted by a sharp fall in international prices, it said, while raising the target price to Rs 110 and maintaining a Hold rating.

GAIL shares unmoved after PNGRB fixes integrated tariff; what should investors do?
Global brokerage Jefferies sees a 17% Ebitda increase in FY24E with part of the benefit offset by higher operating costs. LPG profitability will be impacted by a sharp fall in international prices, it said, while raising the target price to Rs 110 and maintaining a Hold rating.