GAIL shares up 1.13% as Nifty gains
A total of 338,793 shares changed hands on the counter till 10:40AM (IST).
NEW DELHI: Shares of (India) Ltd. traded 1.13 per cent up in Wednesday's trade at 10:40AM (IST). Around 338,793 shares changed hands on the counter.The stock opened at Rs 182.85 and touched an intraday high and low of Rs 183.35 and Rs 181.55, respectively, in the session so far. The stock of (India) Ltd. quoted a 52-week high of Rs 196.35 and a 52-week low of Rs 102.1.
Total market cap of the (India) Ltd. stood at Rs 119995.57 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 35111.76 crore for the quarter ended 31-Dec-2023, up 5.79 per cent from previous quarter's Rs 33191.03 crore and up 3.36 per cent from the year-ago quarter's Rs 36334.2 crore.
The net profit for latest quarter stood at Rs 3194.62 crore, up 672.09 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 10.16 per cent stake in the firm, while foreign institutional investors held 14.24 per cent and the promoters 51.9 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 14.88 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. belongs to the Gas Distribution industry.
Source: Stocks-Markets-Economic Times
