GAIL shares down 2.29% as Nifty drops
GAIL (India) Ltd. traded 2.29 per cent down in Monday's trade at 01:24PM (IST). Around 646,379 shares changed hands on the counter.
The counter opened at Rs 116.4 and touched an intraday high and low of Rs 116.4 and Rs 112.25, respectively, in the session so far. The stock of GAIL (India) Ltd. quoted a 52-week high of Rs 122.85 and a 52-week low of Rs 83.0.
Total market cap of the GAIL (India) Ltd. stood at Rs 74528.75 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 33000.79 crore for the quarter ended 30-Jun-2023, down 2.23 per cent from previous quarter's Rs 33753.23 crore and down 13.13 per cent from the year-ago quarter's Rs 37987.96 crore. The net profit for latest quarter stood at Rs 1791.85 crore, down 44.92 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, DIIs held 8.32 per cent stake in the firm, while foreign institutional investors held 16.09 per cent and the promoters 51.91 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 17.94 and a price-to-book ratio of 1.07.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. GAIL (India) Ltd.
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