Economic TimesLean R·
GAIL India shares tumble 5% despite Q1 net profit doubling to Rs 4,665 crore. Buy, sell or hold?
The shares of GAIL India tumbled 5% on Monday even after the Maharatna PSU reported a consolidated net profit of Rs 4,665 crore for the first quarter of FY27, nearly doubling from Rs 2,369 crore reported in the same period last year.Sequentially, the surge in profit was even sharper, rising more than 214% quarter-on-quarter (QoQ) from the Rs 1,485 crore reported in the January-March quarter of FY26. The company's shares tumbled to Rs 172.71 apiece on Monday morning.The gas company’s revenue fro…
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