India Ratings & Research (Ind-Ra) has assigned GAIL (India) Rs 5 billion fund-based/ non-fund-based (interchangeable) bank facility 'AAA' and 'A1+' ratings.

The stock had underperformed the market over the past one month till Mar. 27, 2014, falling 13.48% compared with the Sensex's 5.85% rise.

It underperformed the market in past one quarter, declining 9.05% as against 4.82% rise in the Sensex.

Shares of the company gained Rs 0.95, or 0.25%, to settle at Rs 380.90. The total volume of shares traded was 90,303 at the BSE (Friday).