GAIL Q2 Profit Rises 8% to Rs 4,650 Crore, Shares Up 4%
GAIL's shares rose nearly 4% following a strong second-quarter performance, with net profit increasing over 8% to Rs 4,650 crore and revenue growing 17%. The growth was driven by its gas marketing and transmission businesses. Investor confidence was further boosted by the board's in-principle approval to list subsidiary GAIL Gas through an IPO.
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