Hot stocks: Brokerage view on GAIL, IOCL, Macrotech Developers and Tata Consumer

Citi has maintained a "buy" call on GAIL, setting a target price of Rs 250. In Q1 results, the company saw a strong performance driven by transmission and trading, with notable gains in gas transmission volumes and margins. Gas trading also performed well, though the petchem and LPG segments fell short of expectations.