GAIL shares gain 1.58% as Sensex rises

GAIL shares gain 1.58% as Sensex rises
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Synopsis

A total of 259,116 shares changed hands on the counter till 11:38AM (IST)

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Shares of (India) Ltd. traded 1.58 per cent up at Rs 138.65 at 11:38AM (IST) on Tuesday, even as BSE benchmark Sensex gained 105.38 points to 48054.8. The scrip had settled at Rs 136.5 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 157.95 and Rs 78.75, respectively.

As per BSE data, total traded volume on the counter till 11:38AM (IST) stood at 11:38AM shares with turnover at Rs 3.59 crore.

At the prevailing price, shares of the company trades at 7.34 times its trailing 12-month EPS of Rs 18.87 per share and 0.7 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

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

Shareholding Details
Promoters held 103.64 per cent stake in the company as of 31-Mar-2021, while FIIs owned 31.26 per cent and DIIs 38.62 per cent.

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