GAIL India Pauses Rally Despite Greenfield Fertilizer Plans

took a breather on 24 December, snapping its three-session winning streak despite positive news flow. The company signed an MoU with the Government of Chhattisgarh to develop a greenfield gas-based fertilizer project. The initiative aligns with India’s sustainability and energy security goals. While the stock saw some profit booking in the short term, the development strengthens GAIL’s long-term growth outlook.