NIFTY 50

Gail shares slump nearly 12% after CLSA downgrades rating to 'underperform'

Updated : June 06, 2019 03:43 PM IST

Shares on GAIL India fell nearly 10 percent on Thursday after global brokerage firm CLSA downgraded the stock to 'underperform' from 'buy'.
The brokerage also reduced its target price to Rs 365 from Rs 420 per share earlier.
According to CLSA, the much-awaited tariff revision for Gail’s HVJ and HVJ upgradation pipeline proved to be a big disappointment.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV