GAIL shares down 0.96% as Nifty falls
GAIL (India) Ltd. rose 0.96 per cent to Rs 174.15 in Tuesday's trade. It hit an intraday high of Rs 176.5 and low of Rs 173.7, respectively, during the day.
The stock quoted a 52-week high price of Rs 196.35 and low of Rs 102.1.
As of 11:47AM (IST), the counter saw total traded volume of 153,380 shares with a traded value of Rs 2.68 crore, according to NSE.
The stock had closed at Rs 175.85 in the previous session.
The scrip has declined -5.28 per cent in the past one month till date, while the benchmark BSE Sensex has gained 0.67 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 14.26 while price-to-book ratio stood at 1.07. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the Gas Distribution industry.
Promoter/FII Holding Promoters held 51.52 per cent stake in the company as of 31-Dec-2023, while FII and MF ownership in the firm stood at 14.14 per cent and 10.09 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 35111.76 crore for the quarter ended 31-Dec-2023, up 5.79 per cent from the previous quarter's Rs 33191.03 crore and up 3.36 per cent from the year-ago quarter's Rs 36334.2 crore. Its net profit for the latest
