GAIL

share price falls nearly 7% after PNGRB tariff hike - Reason behind slump EXPLAINED

GAIL Stock Price: Shares of state-run GAIL (India) Ltd today (November 28) opened sharply lower after latest tariff order issued by the Petroleum and Natural Gas Regulatory Board (PNGRB). GAIL shares opened gap down with a cut of 6.30 per cent at Rs 172.22 on NSE against the previous close of Rs 183.80. The counter made an intraday low of Rs 171.80. Around 1:30 PM, GAIL shares were trading 4.55 per cent lower at Rs 175.41 on NSE. As many as 4.90 crore shares of the company changed hands around the same time. On BSE, GAIL shares traded 2.50 per cent lower at Rs 175.45 with spurt in volume by more than 3.29 times.