The stock quoted a 52-week low of Rs 124.4 and a high of Rs 171.35.
Earlier in the morning, the stock saw a sharp rise.
A total of 286,323 lakh shares were exchanged over the counter till 12:07 pm (IST).
The market value of the share of GAIL (India) Limited is Rs 64052.56 crore.
The stock traded at a price-to-earnings (P/E) multiple of 6.82, while the price-to-book value ratio stood at 1.13. The return on equity (ROE) stood at 11.53 per cent, according to exchange data.
315 shares traded in green in the pack of BSE500, while 184 shares traded in red.
Promoters held 51.8 per cent stake in GAIL (India) Limited as on 31-December-2021, while foreign portfolio investors and domestic institutional investors held 19.69 per cent and 15.26 per cent, respectively.