GAIL shares up 1.03% as Nifty drops
GAIL (India) Ltd. traded 1.03 per cent up in Tuesday's trade at 10:35AM (IST). Around 237,655 shares changed hands on the counter.
The stock opened at Rs 113.15 and touched an intraday high and low of Rs 113.5 and Rs 112.3, respectively, in the session so far. Shares of the company of GAIL (India) Ltd. quoted a 52-week high of Rs 113.95 and a 52-week low of Rs 83.0.
As per BSE, the total market cap of the GAIL (India) Ltd. stood at Rs 74495.88 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 33753.23 crore for the quarter ended 31-Mar-2023, down 7.1 per cent from previous quarter's Rs 36334.2 crore and down 22.04 per cent from the year-ago quarter's Rs 27657.93 crore. The net profit for latest quarter stood at Rs 634.18 crore, down 81.64 per cent from the corresponding quarter last year.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 P/E multiple of 13.26 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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