Share price of GAIL jumps as Sensex gains 6.64 points
GAIL (India) Ltd. gained 1.2 per cent to Rs 126.0 at 12:58PM (IST) in Tuesday's trade. The scrip hit a high of Rs 126.2 and low of Rs 123.6 so far during the session.
The stock had closed at Rs 124.5 in the previous session.
The counter had a total traded volume of 12:58PM shares so far with a turnover of Rs 6.22 crore on BSE. The stock traded at a price-to-earnings multiple of 15.67 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.
belongs to the Gas Distribution industry.
Promotor/FII Holding Promoters held 51.91 per cent stake in the company as of 30-Sep-2023, while overseas investors and domestic institutional investors ownership stood at 14.76 per cent and 19.12 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 33191.03 crore for the quarter ended 30-Sep-2023, up 0.76 per cent from the previous quarter's Rs 32940.64 crore and up 14.72 per cent from the year-ago quarter's Rs 38921.38 crore.
