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GAIL surges 8% to new lifetime high; joins Rs 1 trillion market-cap club

Analysts at ICICI Securities have a 'buy' rating on GAIL with a 12-month target price of Rs 188 per share

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Deepak Korgaonkar Mumbai

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Shares of the state-owned gas transmission company GAIL (India) scaled a fresh peak and the company's market capitalisation crossed the Rs 1-trillion (mcap) mark in intra-day trade, according to BSE data on Friday. At close, its mcap was Rs 99,580 crore. 

The stock surged 8.8 per cent to hit a one-year high of Rs 151.20, surpassing the previous high of Rs 149.20 on December 15, before closing at Rs 151.45, a gain of 7.64 per cent over Thursday's close.

GAIL’s activities range from natural gas transmission and distribution to processing (for fractionating LPG, propane, special boiling point [SBP] solvent, and

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First Published: Dec 22 2023 | 2:24 PM IST

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