GAIL shares up 0.32% as Nifty gains
A total of 724,870 shares changed hands on the counter till 11:16AM (IST).
NEW DELHI: Shares of (India) Ltd. traded 0.32 per cent up in Thursday's trade at 11:16AM (IST). Around 724,870 shares changed hands on the counter.The scrip opened at Rs 202.35 and touched an intraday high and low of Rs 203.25 and Rs 199.55, respectively, in the session so far. Shares of the company of (India) Ltd. quoted a 52-week high of Rs 213.7 and a 52-week low of Rs 103.2.
Total market cap of the (India) Ltd. stood at Rs 133047.14 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 33069.76 crore for the quarter ended 31-Mar-2024, down 5.82 per cent from previous quarter's Rs 35111.76 crore and down 2.02 per cent from the year-ago quarter's Rs 33753.23 crore.
The net profit for latest quarter stood at Rs 2468.71 crore, up 289.28 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 10.26 per cent stake in the company, while foreign institutional investors held 14.17 per cent and the promoters 51.9 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 13.44 and a price-to-book ratio of 1.55. 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. belongs to the Gas Distribution industry.
Source: Stocks-Markets-Economic Times
