Share price of GAIL falls as Sensex gains 298.84 points
GAIL (India) Ltd. dropped 1.1 per cent to Rs 152.3 at 01:55PM (IST) in Wednesday's trade. The stock has hit a high of Rs 155.5 and low of Rs 150.75 so far during the session.
The stock had closed at Rs 154.0 in the previous session.
The counter has had a total traded volume of 1196776 shares so far with a value of Rs 18.34 crore on the NSE. It traded at a price-to-earnings multiple of 18.91 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 60.32 per cent during the past one year, while the 30-share index advanced 17.31 per cent during the same period.
GAIL (India) Ltd. belongs to the Gas Distribution industry.
Promotor/FII Holding Promoters held 51.52 per cent stake in the company as of 30-Sep-2023, while FIIs and domestic institutional investors ownership stood at 14.65 per cent and 8.83 per cent, respectively.
