Shares of GAIL (India) Limited dropped by 2.75% on November 8, trading at ₹204.65. This decline led to a significant decrease in the company’s market capitalization, which fell by approximately ₹3,750 crore. The company’s total market cap now stands at ₹1,34,533.11 crore.
This drop comes amid a day of heavy trading, with a traded volume of 72.72 lakh shares on the NSE. The fall follows GAIL’s recent performance, where the stock has faced pressure due to market volatility and broader sectoral trends.
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