GAIL gains on tie-up with Spanish company

GAIL (India)gained on Monday after it signed an LNG supply agreement with Gas Natural Fenosa, Spain. Under the agreement, GNF shall ensure a total supply of approx. 3 bcm (billion cubic meters) of LNG to GAIL over the next three years. The supply shall begin January 2013, and is the largest contract of the Spanish multinational in this region.Shares ofthe companyare trading at Rs 356.20,up Rs 4.60, or 1.31% at the Bombay Stock Exchange (BSE) on Monday at 9:36 a.m.The scrip has touched an intra-day high of Rs 358.60 and low of Rs 350.50. The total volume of shares traded at the BSE is 182,903.In the earlier session, the shares fell 0%, or Rs 0, at Rs 356.35. Currently, the stock is trading down 20.02% from its 52-week high of Rs 445 and above 17.42% over the 52-week low of Rs 303.10.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 366.90 (15.30) (4.17) 1 Month 352.20 (0.60) (0.17) 3 Months 331.00 20.60 6.22 6 Months 353.45 (1.85) (0.52) 1 Year 414.60 (63.00) (15.20) Note: Based on previous day closing price.