GAIL (India) (OTCMKTS:GAILF) Trading Up 10.5% – Here’s What Happened

Shares of GAIL (India) Limited (OTCMKTS:GAILF) were up 10.5% on Friday . The company traded as high as $12.43 and last traded at $12.38. Approximately 848 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 1,474 shares. The stock had previously closed at $11.20.

GAIL (India) Stock Up 10.5%

The company has a fifty day moving average of $11.24 and a two-hundred day moving average of $11.22.

GAIL (India) Company Profile

GAIL (India) Limited, originally incorporated as the Gas Authority of India Limited in 1984, is India’s largest state‐owned natural gas processing and distribution company. Headquartered in New Delhi, GAIL operates under the administrative control of the Ministry of Petroleum and Natural Gas and oversees one of the country’s most extensive transmission pipeline networks. The company’s infrastructure supports the movement of natural gas from production fields to end users across India, facilitating energy access for industrial, commercial, and residential consumers.

GAIL’s core business activities encompass natural gas transmission, marketing, and trading, along with the processing, transmission and marketing of liquefied petroleum gas (LPG) and liquefied natural gas (LNG).