GAIL Falls Sharply As Credit Suisse Cuts Rating

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

gail
GAIL India: Quotes, News
BSE 141.70BSE Quote1.05 (-0.74%)
NSE 141.73NSE Quote1.06 (-0.75%)
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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