Business Standard

GAIL India rallies 5% in weak market; hits 8-month high on heavy volumes

Gas transmission and trading volumes are likely to increase in FY24E with supplies coming from new sources, analysts say

GAIL
Premium

SI Reporter Mumbai
Shares of GAIL India rallied 5 per cent to hit an eight-month high of Rs 103.30 on the BSE in Wednesday’s intra-day trade on the back of heavy volumes. The stock of the state-owned gas transmission/marketing company was quoting at its highest level since June 2022. It had hit a 52-week high of Rs 116 on April 19, 2022.

At 01:24 pm; GAIL India was trading 4.7 per cent higher at Rs 102.65 as compared to a 0.37 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter had doubled with a combined 34.11

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 24 2023 | 1:50 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com