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Shares of GAIL (India) plunged 1.4 per cent today as Jefferies has downgrades the stock to “underperform’’.
It says that the stock price does not reflect the adverse impact of lower crude prices on earnings.
Brent crude oil is down 48.5 per cent from June 2014.
GAIL (India) stock has 10 “buy’’, 11 “hold’’ and 17 “sell’’ ratings, according to Thomson Reuters Eikon data.
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