Fitch revises rating outlook of GAIL India Ltd

Fitch Ratings has revised the outlook on the Long-Term Issuer Default Ratings (IDRs) of GAIL India 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

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Fitch Ratings has revised the outlook on the Long-Term Issuer Default Ratings (IDRs) of GAIL India 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.

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

The stock last hit in BSE,

  • Intraday High of ₹ 142.40
  • Intraday low of ₹ 137.55