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 457.10BSE Quote11.8 (2.58%)
NSE 457.40NSE Quote11.35 (2.48%)
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.

Read more about: gail
Story first published: Monday, April 13, 2015, 11:28 [IST]
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