Shares in GAIL (India) Ltd fell 2 percent in pre-open trading on Tuesday after its January-March net profit rose by 57 percent to 9.72 billion rupees ,missing some analyst estimates.
Jefferies said factors including a weak demand environment and subsidy burdens impacted GAIL's earnings, according to a note to clients on Tuesday.
Asian stocks got off to a firm start on Tuesday, and the euro steadied but remained vulnerable after overnight comments from the European Central Bank chief heightened expectations of easing steps in the euro zone.
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•BUY ATLANTA (LCP-563.35) ABOVE 565 TG-569-576
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•BUY BHEL (LCP-259.15) ABOVE 260 TG-264-269
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