NSE: GAIL · 2 November 2026
- GAIL (India) Limited shares advanced sharply today, trading up 5.41% to close at ₹177.00 after opening at ₹170.90.
- GAIL (India) Limited reported standalone revenue from operations of ₹45,924 crore for the quarter ended September 30, 2026, compared to ₹38,981 crore in the previous quarter. Profit After Tax (PAT) stood at ₹4,650 crore against ₹4,292 crore in the first quarter of financial year 2026-27. Operational highlights included natural gas transmission of 130.10 MMSCMD and gas marketing volume of 97.23 MMSCMD.
- Trading volume was 1.78 times the 20-day average daily volume.
Why is Gail (India) share price rising on 2 November 2026?
GAIL (India) Limited shares advanced sharply today, trading up 5.41% to close at ₹177.00 after opening at ₹170.90.
The broader market also experienced positive momentum, with the Nifty rising 1.68%. GAIL outperformed the headline index during the trading session, extending its recent positive trend following a 5.18% gain over the past 5 trading days and a 3.38% return over the past 20 trading days.
While no single intra-day event was officially timestamped to force today's price action, the move follows GAIL's recent financial disclosures for the second quarter of financial year 2026-27, where the company reported standalone revenue from operations of ₹45,924 crore and a Profit After Tax of ₹4,650 crore, alongside pipeline network expansions and strategic board approvals including an in-principle approval for the listing of its wholly owned subsidiary, GAIL Gas Limited.
1.34 crore shares traded by 2 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 75.55 lakh shares (1.78 times). The five-day average daily volume was 83.25 lakh shares. Separately, the NSE report for 2 November 2026 showed 49.92 lakh shares delivered, representing 37.22% of that day’s traded volume. The same report recorded 136,648 trades.
GAIL shares moved higher by 5.41% backed by high cash volume at 1.78x its 20-day average, aligning with positive earnings momentum and recent corporate announcements regarding subsidiary restructuring.
Latest Company Developments
GAIL (India) Limited reported standalone revenue from operations of ₹45,924 crore for the quarter ended September 30, 2026, compared to ₹38,981 crore in the previous quarter. Profit After Tax (PAT) stood at ₹4,650 crore against ₹4,292 crore in the first quarter of financial year 2026-27. Operational highlights included natural gas transmission of 130.10 MMSCMD and gas marketing volume of 97.23 MMSCMD.
Strong quarterly earnings and resilient transmission volumes underpin the company's core operational health and valuation sentiment.
The board of directors accorded in-principle approval for the listing of shares of GAIL Gas Limited, a wholly owned subsidiary, on Indian stock exchanges through an Initial Public Offering (IPO) by diluting GAIL's equity by up to 25%. Final dilution terms and price bands will be determined following recommendations from merchant bankers.
Unlocking value through the subsidiary listing process marks a key strategic step in the company's corporate restructuring.
The board approved the transfer of six City Gas Distribution (CGD) geographical areas—Varanasi, Patna, Ranchi, East Singhbhum, Cuttack, and Khordha—to GAIL Gas Limited through a slump sale via a Business Transfer Agreement on a going concern basis, with an effective transfer date of January 1, 2027.
Consolidating CGD assets under its specialized subsidiary streamlines operational focus and regional execution.
a revised press release dated October 30, 2026, titled " GAIL reports Revenue from Operations of ₹45,924 crore and PAT of ₹4,650 crore for Q2 FY2026-27 .".
a revised press release dated October 30, 2026, titled " GAIL reports Revenue from Operations of ₹45,924 crore and PAT of ₹4,650 crore for Q2 FY2026-27 .".
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 7.10% on 30 September 2026. This compares with 8.42% on 30 June 2026, a change of -1.32 percentage points.
The filing reported 34 MF/UTI holders.
Research & Brokerage Views
CLSA upgraded GAIL to Buy, reflecting a positive stance on valuation recovery following previous quarterly adjustments.
Macquarie maintained an Outperform rating supported by earnings visibility and core transmission cash flows.
Morgan Stanley raised its target following robust profit growth and strong operational delivery in prior quarters.
What to Watch Next
- Execution of the Business Transfer Agreement for CGD geographical areas scheduled for January 1, 2027
- Further developments regarding the proposed IPO and equity dilution of GAIL Gas Limited
- Quarterly volume trends in natural gas transmission and gas marketing segments
- Progress on annual planned capital expenditure deployment of approximately ₹12,900 crore for FY2026-27
Other Dated Coverage
- Gail (India) Share Price Today: Why GAIL Is Rising 1.66% | 30 October 2026 — 30 October 2026
- Gail (India) Share Price Today: Why GAIL Is Falling 2.69% | 23 October 2026 — 23 October 2026
- Gail (India) Share Price Today: Why GAIL Is Falling 0.80% | 7 October 2026 — 7 October 2026
More Gail (India) news and dated analysis →
Frequently Asked Questions
What is the latest Gail (India) company news?
GAIL (India) Limited reported standalone revenue from operations of ₹45,924 crore for the quarter ended September 30, 2026, compared to ₹38,981 crore in the previous quarter. Profit After Tax (PAT) stood at ₹4,650 crore against ₹4,292 crore in the first quarter of financial year 2026-27. Operational highlights included natural gas transmission of 130.10 MMSCMD and gas marketing volume of 97.23 MMSCMD.
How strong was Gail (India)’s trading volume?
1.34 crore shares traded, 1.78 times the 20-day average daily volume. The price and volume data are dated 2 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.