GAIL Q3 profit drops 90% on petrochemical, natural gas marketing woes

GAIL's consolidated net profit of ₹397.59 crore in October-December 2022 is compared with ₹3,800.09 crore earning in the same period a year ago, according to the company's stock exchange filing.

GAIL shares decline over 4% after weak Q3 earnings

<ul><li>The stock went lower by 4.24 per cent to settle at ₹94.95 apiece on the BSE. During the day, it tanked 7.41 per cent to ₹91.80.</li></ul>

<ul><li>Consolidated net profit of ₹397.59 crore in October-December 2022 is compared with ₹3,800.09 crore earning in the same period a year back, according to the company's stock exchange filing.</li></ul>

Stocks To Watch: Paytm, Tata Motors, State Bank of India, GAIL and Hindustan Zinc

India's NSE stock futures listed on the Singapore exchange were down 0.36%, as of 0203 GMT. The MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.14%.

Where to invest in these volatile markets? Sharekhan bets on these 6 companies 

Market to remain volatile in near term and investors should avoid richly valued stocks with slower earnings growth prospects. On the other hand, they should focus on fundamentally strong companies, Sharekhan said.&nbsp;

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GAIL Q3 profit drops 90% on petrochemical, natural gas marketing woes

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