GAIL Q4 Net Halves, Shares Fall

GAIL shares fell nearly 3 per cent on Thursday to Rs  370, a day after it reported a 53 per cent drop in net profit for the fourth quarter. GAIL's net profit in the January-March period fell to Rs 510.75 crore compared to Rs 972.03 crore during the same period last year. Brokerage firm Nomura said GAIL's Q4 was the weakest in six years. It however added, that while near-term environment remains challenging, the worst is over for GA...