Fitch revises rating outlook of GAIL India Ltd

Fitch Ratings has revised the outlook on the Long-Term Issuer Default Ratings (IDRs) of GAIL to Stable from Negative and affirmed the Long-Term IDRs at 'BBB-', The rating action follows the revision of the Outlook on India's 'BBB-' sovereign rating to Stable from Negative on 10th June, 2022.

Shares of GAIL (India) Limited was last trading in BSE at Rs. 140.50 as compared to the previous close of Rs. 147.50. The total number of shares traded during the day was 326666 in over 4961 trades.

The stock hit an intraday high of Rs. 149.00 and intraday low of 140.05. The net turnover during the day was Rs. 46914144.00.

Source : Equity Bulls

Keywords

GAILIndia INE129A01019 RatingUpdte OutlookRevision Stable