GAIL shares up 0.29% as Nifty gains
GAIL (India) Ltd. traded 0.29 per cent up in Wednesday's trade at 12:23PM (IST).
Around 185,145 shares changed hands on the counter.
The scrip opened at Rs 117.1 and touched an intraday high and low of Rs 118.0 and Rs 116.8, 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.
As per BSE, the total market cap of the GAIL (India) Ltd. stood at Rs 77290.3 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 same quarter a year ago.
Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 8.26 per cent stake in the firm, while foreign institutional investors held 15.97 per cent and the promoters 51.52 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 18.6 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.
