Stock Markets Today Live Updates: GAIL shares jump 3% after announcing ₹60,000 crore ethane capex; JP Morgan sees 20% upside
In today’s stock market update, GAIL shares have surged by 3% following the announcement of a ₹60,000 crore ethane capex. This news has caught the attention of investors, with JP Morgan predicting a 20% upside for the stock.
GAIL stock has seen significant growth, increasing nearly 30% in 2024 and rising by more than 100% over the past 12 months. This positive momentum has been driven by the company’s strategic investments and expansion plans.
Investors are optimistic about GAIL’s future prospects, especially with the recent announcement of the ethane capex. This move is expected to further boost the company’s growth and profitability in the coming months.
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