GAIL shares down 2.63% as Nifty drops
A total of 309,858 shares changed hands on the counter till 12:07PM (IST).
NEW DELHI: Shares of (India) Ltd. traded 2.63 per cent down in Tuesday's trade at 12:07PM (IST). Around 309,858 shares changed hands on the counter.The scrip opened at Rs 198.05 and touched an intraday high and low of Rs 198.9 and Rs 191.85, respectively, in the session so far. The stock of (India) Ltd. quoted a 52-week high of Rs 213.7 and a 52-week low of Rs 102.95.
Total market cap of the (India) Ltd. stood at Rs 129989.72 crore at the time of writing this report.
Key Financials
The company reported consolidated 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-Mar-2024, domestic institutional investors held 10.26 per cent stake in the firm, 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 16.96 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
