GAIL Falls Sharply As Credit Suisse Cuts Rating

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Shares in Gail dropped a huge 4 per cent after foreign brokerage firm Credit Suisse downgraded the rating of the stock.

 GAIL Falls Sharply As Credit Suisse Cuts Rating
GAIL India: Quotes, News
BSE 362.95BSE Quote11.95 (3.29%)
NSE 363.45NSE Quote12 (3.30%)
The shares of the company was last trading at Rs 386. According to reports the stock was given an ‘underperform' rating due to a significant fall in Liquefied Natural Gas (LNG) demand and deterioration in its gas trading business.

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