Share price of GAIL rises as Nifty strengthens

Share price of GAIL rises as Nifty strengthens
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Synopsis

A total of 1,625,352 shares changed hands on the counter till 12:30PM (IST).

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Shares of (India) Ltd. gained 0.76 per cent to Rs 139.75 in Thursday's trade as of 12:30PM (IST).

The stock hit a high price of Rs 140.8 and low of Rs 139.15 during the session.

The return on equity (ROE) for the stock stood at 19.12 per cent. Traded volume on the counter stood at 12:30PM shares and turnover at Rs 22.6 crore around that time.

The stock of GAIL (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 157.95 and Rs 78.75, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.91.

Promotor/FII Holding
Promoters held 52.12 per cent stake in the company as of 31-Dec-2020, while FIIs held 15.62 per cent and domestic institutional investors had 19.89 per cent.

Key Financials
The company reported consolidated sales of Rs 15882.82 crore for the quarter ended 31-Dec-2020, up 12.71 per cent from previous quarter's Rs 14091.23 crore and up 12.15 per cent from the year-ago quarter's Rs 18078.73 crore.

Net profit after tax for the latest quarter stood at Rs 1883.61 crore, down 6.97 per cent from the same quarter a year ago.

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