−8.4% from the high · +27% from the low
Long build-up into a 26-day expiry: futures OI +1.2% on a +0.4% day, the most call OI sits at 175, the most put OI at 190, max pain 175.
GAIL futures closed at ₹171.33, +0.1% to spot, with 99% of open interest in the 27 Oct contract, and the 170 straddle prices a move of about ±4.5% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹171.33 | +0.11+0.1% | +0.90% | 21,000▲ +1.2% · +260 lots | 99 | 1,700 |
| 23 Nov53 days | ₹172.34 | +1.12+0.7% | +4.5% | 240▲ +3.5% · +8.0 lots | 1.1 | 27 |
| 29 Dec89 days | ₹171.67 | +0.45+0.3% | +1.1% | 11▼ −8.3% · −1.0 lots | 0.05 | 9.0 |
1.2% of futures OI sits beyond the 27 Oct contract · 27 of 43 listed contracts traded · 6,000 option contracts changed hands
The 170 straddle closed at ₹7.75 (call 4.55 + put 3.20), pricing a move of about ±4.5% by the 27 Oct expiry. In the last 253 windows of 19 sessions, GAIL moved more than that 80 times.
After the last 8 bulletins, GAIL closed higher five sessions later in 4 of 8.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 22 JulGAIL invites bids for 600MW solar project at Jhansi | ▼ −0.6%Nifty −0.5% · −0.1 pp | ▼ −1.7%Nifty −0.9% · −0.8 pp | ▲ +0.4%Nifty +1.3% · −1.0 pp | ▼ −3.8%long unwinding |
| 22 JulGAIL invites bids for 600MW solar project in Jhansi | ▼ −0.6%Nifty −0.8% · +0.2 pp | ▼ −1.1%Nifty −1.3% · +0.2 pp | ▲ +0.7%Nifty +0.3% · +0.4 pp | ▲ +1.0%short build-up |
| 11 JulGAIL shares rise 1.8% on CONCOR LNG agreement | ▼ −0.3%Nifty 0.0% · −0.4 pp | ▼ −1.3%Nifty −0.6% · −0.6 pp | ▼ −0.4%Nifty +0.1% · −0.5 pp | ▼ −0.5%long unwinding |
| 11 JulGAIL shares rise 1.8% on CONCOR LNG agreement | ▼ −0.3%Nifty 0.0% · −0.4 pp | ▼ −1.3%Nifty −0.6% · −0.6 pp | ▼ −0.4%Nifty +0.1% · −0.5 pp | ▼ −0.5%long unwinding |
| 10 JulCONCOR and GAIL sign LNG dispensing station agreement | ▼ −0.3%Nifty 0.0% · −0.4 pp | ▼ −1.3%Nifty −0.6% · −0.6 pp | ▼ −0.4%Nifty +0.1% · −0.5 pp | ▼ −0.5%long unwinding |
| 10 JulCONCOR and GAIL sign LNG dispensing station agreement | ▲ +2.1%Nifty +1.0% · +1.1 pp | ▲ +1.7%Nifty +1.0% · +0.7 pp | ▲ +0.6%Nifty +1.6% · −1.0 pp | ▲ +1.0%long build-up |
| 10 JulOil and gas stocks rise despite rising crude prices | ▲ +2.1%Nifty +1.0% · +1.1 pp | ▲ +1.7%Nifty +1.0% · +0.7 pp | ▲ +0.6%Nifty +1.6% · −1.0 pp | ▲ +1.0%long build-up |
| 26 MayFirst LNG tanker from Persian Gulf arrives in Gujarat | ▲ +0.8%Nifty 0.0% · +0.8 pp | ▼ −1.9%Nifty −1.5% · −0.3 pp | ▼ −0.1%Nifty −2.1% · +2.0 pp | ▲ +0.2%long build-up |
Revenue ₹41,350 cr, +17% on a year earlier; profit ₹4,671 cr, +96% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 30 Jun | ₹41,350 cr | ▲ +17% | ₹4,671 cr | ▲ +96% | 7.10 | ▲ +0.7%Nifty −0.3% · +1.1 pp |
| Mar 2026filed 21 May · audited | ₹35,705 cr | ▼ −2.3% | ₹1,481 cr | ▼ −41% | 2.26 | ▲ +3.1%Nifty +0.3% · +2.9 pp |
| Dec 2025filed 31 Jan | ₹35,303 cr | ▼ −4.4% | ₹1,729 cr | ▼ −58% | 2.67 | ▼ −2.9%Nifty −2.0% · −0.9 pp |
| Sept 2025filed 31 Oct | ₹35,657 cr | ▲ +4.9% | ₹1,989 cr | ▼ −26% | 3.00 | ▲ +0.5%Nifty +0.2% · +0.3 pp |
| Jun 2025filed 29 Jul | ₹35,429 cr | ▲ +1.7% | ₹2,382 cr | ▼ −25% | 3.60 | ▲ +1.3%Nifty +0.6% · +0.7 pp |
| Mar 2025filed 13 May · audited | ₹36,551 cr | ▲ +11% | ₹2,506 cr | ▲ +1.3% | 3.79 | ▲ +1.1%Nifty +0.4% · +0.8 pp |
| Dec 2024filed 30 Jan | ₹36,937 cr | ▲ +6.2% | ₹4,084 cr | ▲ +28% | 6.21 | ▲ +6.0%Nifty +1.1% · +4.9 pp |
| Sept 2024filed 6 Nov | ₹33,981 cr | ▲ +2.8% | ₹2,690 cr | ▲ +10% | 4.10 | ▲ +6.4%Nifty +1.1% · +5.3 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹1,42,094 cr | ▼ −0.14% | ₹7,582 cr | ▼ −39% | 11.53 |
| FY25to Mar 2025 | ₹1,42,291 cr | ▲ +6.6% | ₹12,463 cr | ▲ +26% | 18.94 |
| FY24to Mar 2024 | ₹1,33,500 cr | — | ₹9,903 cr | — | 15.06 |
GAIL trades at 11 times trailing earnings, 1.3 times book value, revenue +3.6% over twelve months, a 6.4% dividend yield, market cap ₹1,10,000 cr.
Promoters hold 51.8%, foreign portfolio investors 15.0%, mutual funds 8.4% and insurance companies 9.2%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 51.79▼ −0.09 pp | 51.880.00 pp | 51.880.00 pp | 51.880.00 pp | 51.88 |
| Foreign portfolio investors | 15.00▲ +1.96 pp | 13.04▼ −1.03 pp | 14.07▲ +0.35 pp | 13.72▼ −1.19 pp | 14.91 |
| Mutual funds | 8.42▼ −1.88 pp | 10.30▲ +0.08 pp | 10.22▼ −0.80 pp | 11.02▲ +0.01 pp | 11.01 |
| Insurance companies | 9.20▲ +0.53 pp | 8.67▲ +0.51 pp | 8.16▲ +0.50 pp | 7.66▲ +0.85 pp | 6.81 |
| Banks and financial institutions | 1.57▼ −0.06 pp | 1.63▲ +0.15 pp | 1.48▲ +0.18 pp | 1.30▲ +0.09 pp | 1.21 |
| Individual investors | 5.78▼ −0.41 pp | 6.19▲ +0.29 pp | 5.90▼ −0.12 pp | 6.02▲ +0.18 pp | 5.84 |
| Bodies corporate | 0.42▼ −0.11 pp | 0.530.00 pp | 0.53▼ −0.11 pp | 0.64▲ +0.06 pp | 0.58 |
| Government | 7.49▼ −0.02 pp | 7.510.00 pp | 7.510.00 pp | 7.510.00 pp | 7.51 |
| Other foreign holders | 0.000.00 pp | 0.000.00 pp | 0.000.00 pp | 0.00▼ −0.01 pp | 0.01 |
| Others | 0.33▲ +0.07 pp | 0.260.00 pp | 0.260.00 pp | 0.26▲ +0.02 pp | 0.24 |
Nothing upcoming on record; the last was a dividend of ₹0.50 a share, ex-date 2 Sept 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 2 Sept 2026 | dividend | ₹0.50 | 2 Sept 2026 | BSE |
| 5 Feb 2026 | dividend | ₹5.00 | 5 Feb 2026 | BSE |
| 4 Aug 2025 | dividend | ₹1.00 | 4 Aug 2025 | BSE |
| 7 Feb 2025 | dividend | ₹6.50 | 7 Feb 2025 | BSE |
| 6 Feb 2024 | dividend | ₹5.50 | 6 Feb 2024 | BSE |
GAIL is −1.0% over 20 sessions against Nifty's −6.2%, 8.4% below its 52-week high, realised volatility 13% annualised.
| Window | From ₹ | GAIL % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹172.03 | ▼ −0.47% | ▼ −9.1% | +8.6 |
| 120 sessionssince 9 Apr | ₹152.22 | ▲ +12% | ▼ −5.7% | +18 |
| 60 sessionssince 8 Jul | ₹169.24 | ▲ +1.2% | ▼ −6.1% | +7.3 |
| 20 sessionssince 2 Sept | ₹173.00 | ▼ −1.0% | ▼ −6.2% | +5.2 |
| 5 sessionssince 24 Sept | ₹173.85 | ▼ −1.5% | ▼ −2.8% | +1.3 |
| 1 sessionsince 30 Sept | ₹170.55 | ▲ +0.39% | ▼ −0.88% | +1.3 |
OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.