GAIL (India), the largest gas transmission and marketing company in India, witnessed a fall in share price on Monday after it announced a substantial drop in standalone net profit for the quarter ended December 2014.  During the quarter, the profit of the company declined 64.03% to Rs 6,040.80 million from Rs 16,794 million  in the same quarter last year.

Net sales for the quarter declined 6.67% to Rs 149,694.10 million, compared with Rs 160,385.20 million for the prior year period.

Shares of the company are trading at Rs 403.40, down Rs 16.55, or 3.94% at the Bombay Stock Exchange (BSE) on Monday at 9:58 a.m.

The scrip has touched an intra-day high of Rs 406.45 and low of Rs 392.30. The total volume of shares traded at the BSE is 68,701.