GAIL shares up 1.06% as Nifty gains

GAIL shares up 1.06% as Nifty gains
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Synopsis

The stock quoted a 52-week high price of Rs 165.7 and low of Rs 81.25.

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Shares of (India) Ltd. rose 1.06 per cent to Rs 153.25 in Tuesday's trade. It hit an intraday high of Rs 155.2 and low of Rs 152.75, respectively, during the day.

The stock quoted a 52-week high price of Rs 165.7 and low of Rs 81.25.

As of 11:18AM (IST), the counter saw total traded volume of 406,609 shares with a traded value of Rs 6.25 crore, according to NSE.

The stock had closed at Rs 151.65 in the previous session.

The scrip has advanced 18.23 per cent in the past one month till date, while the benchmark BSE Sensex has gained 4.42 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 8.13 while price-to-book ratio stood at 0.7. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Gas Distribution industry.

Promoter/FII Holding
Promoters held 51.45 per cent stake in the company as of 31-Mar-2021, while FII and MF ownership in the firm stood at 15.52 per cent and 8.46 per cent, respectively.

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 the previous quarter's Rs 14091.23 crore and up 12.15 per cent from the year-ago quarter's Rs 18078.73 crore. Its net profit 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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