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 350.95BSE Quote4.6 (1.31%)
    NSE 351.25NSE Quote4.8 (1.37%)
    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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    Read more about: gail
    Story first published: Monday, April 13, 2015, 11:28 [IST]
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