According to Axis Securities, GAIL also delivered a dividend of Rs 9.5 per share with the highest dividend yield of 5 per cent among PSU stocks in the last 12 months.
GAIL India stock surged nearly 4 per cent in early trade after the state-owned gas utility said its board would consider buyback of shares on March 31, 2022. GAIL India shares opened with a gain of 2.95 per cent at Rs 152 against the previous close of Rs 147.65 on BSE.