Amit Rustagi News Today

UBS has double upgraded Gail (India) to buy from its earlier sell recommendation with a price target of Rs 150 (Rs 80 earlier). The research and brokerage house believes that the markets are yet to fully price in the upside to realised tariffs (from tariff integration), as well as the scope of Indias improving gas demand and GAILs pipeline expansion. For Gail, UBS expects 8 per cent compounded volume growth (CAGR) over FY23-26.

UBS estimates indicate that 5G ARPU in fiscal 2023 will be Rs 400 for Bharti Airtel as compared with Rs 360 for Reliance Jio