Share price of GAIL jumps as Sensex drops 211.67 points
A total of 444,389 shares changed hands on the counter till 10:00AM (IST)
Share price of (India) Ltd. gained 3.3 per cent to Rs 189.3 at 10:00AM (IST) in Wednesday's trade. The scrip hit a high of Rs 189.8 and low of Rs 182.75 so far during the session. The stock had closed at Rs 183.25 in the previous session.The counter had a total traded volume of 10:00AM shares so far with a turnover of Rs 8.3 crore on . The stock traded at a price-to-earnings multiple of 15.41 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.
(India) Ltd. belongs to the Gas Distribution industry.
Promotor/FII Holding
Promoters held 51.9 per cent stake in the company as of 31-Dec-2023, while foreign investors and domestic institutional investors ownership stood at 14.24 per cent and 19.36 per cent, respectively.
Key Financials
The firm reported consolidated sales of Rs 35111.76 crore for the quarter ended 31-Dec-2023, up 5.79 per cent from the previous quarter's Rs 33191.03 crore and up 3.36 per cent from the year-ago quarter's Rs 36334.2 crore.
Its profit for the latest quarter stood at Rs 3194.62 crore, up 672.09 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
