Gas PSU stock to buy, Sept. 27 -- Brokerage firm Emkay Global has upgraded gas PSU stock GAIL (India) to 'buy' from 'add', on the back of a steady core business and earnings outlook along with attractive valuations. The brokerage firm has given the target price of Rs.200, seeing an upside potential up to 15.6%.

According to the firm, despite the Strait of Hormuz crisis and elevated LNG prices, India's gas demand has improved sequentially in 2QFY27, with demand in July-August 2026 declining only 2% year-on-year. Consequently, GAIL's gas transmission volumes are expected to improve quarter-on-quarter and could exceed the company's FY27 guidance of 123 mmscmd.

While gas marketing profitability is likely to moderate sequentially as formula-...