{"id":277691,"date":"2019-06-07T06:12:29","date_gmt":"2019-06-07T06:12:29","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277691"},"modified":"2019-06-07T06:23:29","modified_gmt":"2019-06-07T06:23:29","slug":"gail-shares-lose-steam-fall-over-10-on-disappointing-tariff-revision","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-shares-lose-steam-fall-over-10-on-disappointing-tariff-revision\/","title":{"rendered":"Gail shares lose steam, fall over 10% on disappointing tariff revision"},"content":{"rendered":"<p>The Gail (India) Ltd stock was the top loser among the Nifty 50 stocks on Thursday, declining over 10%. Not without reason. A slew of brokerages have cut the company\u2019s earnings per share (EPS) estimates by 3-4% for 2019-20 and 2020-21. These cuts were prompted mainly by the disappointment in tariff revision for its HVJ or Hazira-Vijaipur-Jagdishpur pipeline and HVJ upgradation of network pipelines.<\/p>\n<p>The Street was factoring in higher tariff revision. Incorporating PNGRB\u2019s tariff orders, Kotak Institutional Equities expects a 6% increase in Gail\u2019s blended tariffs for gas transmission segment to \u20b91.57 per standard cubic meter (scm) for 2019-20. This is lower than the broker\u2019s earlier expectation of \u20b91.62 per scm. Note that the measure stood at \u20b91.47 per scm in 2018-19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Gail (India) Ltd stock was the top loser among the Nifty 50 stocks on Thursday, declining over 10%. Not without reason. A slew of brokerages have cut the company\u2019s earnings per share (EPS) estimates by 3-4% for 2019-20 and 2020-21. These cuts were prompted mainly by the disappointment in tariff revision for its HVJ or Hazira-Vijaipur-Jagdishpur pipeline and HVJ upgradation of network pipelines. The Street was factoring in higher tariff revision. Incorporating PNGRB\u2019s tariff orders, Kotak Institutional Equities expects a 6% increase in Gail\u2019s blended tariffs for gas transmission segment to \u20b91.57 per standard cubic meter (scm) for 2019-20. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-277691","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=277691"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277691\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}