GAIL (India) (OTCMKTS:GAILF) Stock Price Up 1.9% – What’s Next?

GAIL (India) Limited (OTCMKTS:GAILF)’s share price shot up 1.9% during trading on Friday . The company traded as high as $11.20 and last traded at $11.20. 2,133 shares changed hands during mid-day trading, an increase of 556% from the average session volume of 325 shares. The stock had previously closed at $10.99.

GAIL (India) Stock Performance

The company has a 50 day moving average price of $11.39 and a two-hundred day moving average price of $11.16.

About GAIL (India)

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).