Gail- an integrated natural gas company in India. Owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. In a way it hold a monopoly power of setting up the natural gas pipelines.
Government of India focus on increasing the share of natural gas in the overall energy mix of the country to 15.0% from 6.5% will likely to give tailwinds to Gail.
Technically- The stock has given a multi bagger return in past two decades from 5 to 121. However, the rally doesn't seems to over.
The stock started its third wave lately with a formation of cup and Holder breakout on monthly chart. Thus, it is likely that Gail may move towards 145/170 levels
Government of India focus on increasing the share of natural gas in the overall energy mix of the country to 15.0% from 6.5% will likely to give tailwinds to Gail.
Technically- The stock has given a multi bagger return in past two decades from 5 to 121. However, the rally doesn't seems to over.
The stock started its third wave lately with a formation of cup and Holder breakout on monthly chart. Thus, it is likely that Gail may move towards 145/170 levels