GAIL Falls Sharply As Credit Suisse Cuts Rating

Business

oi-Sunil

By Sunil Fernandes

Published: Monday, April 13, 2015, 11:28 [IST]

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

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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