Gail India buzzing post Kirit Parikh panel report

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Gail India buzzing post Kirit Parikh panel report

Gail India was buzzing post Kirit Parikh panel report. The committee has left Gail out of sharing any subsidy burden deliberately.

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GAIL India was buzzing in today's trade. The stock was top gainer in the largecap stocks. At 10:25 am the share was quoting at Rs 422.00, up Rs 16.55, or 4.08%
 
It was trading with volumes of 218,395 shares, compared to its 5-day average of 197,658 shares, an increase of 10.49%. Yesterday the share closed up 1.69% or Rs 6.75 at Rs 405.45

Kirit Parikh, Chairman of The Commitee on Pricing Petroleum Products said that GAIL has been left out as it is not an upstream company and is more of a distribution company. So, GAILshouldn't be contributing to subsidies. The committee has left GAIL out of sharing any subsidy burden deliberately.