Share price of GAIL falls as Sensex drops 701.95 points
GAIL (India) Ltd. dropped 3.29 per cent to Rs 116.35 at 01:14PM (IST) in Wednesday's trade. The scrip hit a high of Rs 120.55 and low of Rs 115.85 so far during the session.
The stock had closed at Rs 120.3 in the previous session. The counter had a total traded volume of 01:14PM shares so far with a turnover of Rs 705.0 crore on BSE. The stock traded at a price-to-earnings multiple of 18.42 and a price-to-book ratio of 1.07.
A higher P/E ratio shows 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 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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