GAIL shares up 1.02% as Nifty gains
GAIL (India) Ltd. traded 1.02 per cent up in Monday's trade at 12:34PM (IST). Around 200,097 shares changed hands on the counter.
The stock opened at Rs 112.65 and touched an intraday high and low of Rs 113.8 and Rs 112.4, respectively, in the session so far. Shares of the company 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 74726.01 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, domestic institutional investors held 8.32 per cent stake in the company, 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 price-to-earnings multiple of 17.99 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.
Read more on economictimes.indiatimes.com
