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    Share price of GAIL jumps as Sensex gains 238.16 points

    Synopsis

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

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    As long as Nifty does not close above 11,720, it can slip towards 11,600.
    The share price of (India) Ltd. gained 1.41 per cent to Rs 165.35 at 11:43AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 165.65 and low of Rs 163.35 so far during the session. The stock had closed at Rs 163.05 in the previous session.

    The counter has had a total traded volume of 949420 shares so far with a value of Rs 15.61 crore on the NSE. It traded at a price-to-earnings multiple of 11.95 and a price-to-book ratio of 0.7.

    A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    Did you Know?

    Stock score of GAIL (India) Ltd moved down by 1 in a week.

    View Latest Stock Report »

    The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

    The scrip gained 66.01 per cent during the past one year, while the 30-share index advanced 64.92 per cent during the same period.

    GAIL (India) Ltd. belongs to the Gas Distribution industry.

    Promotor/FII Holding
    Promoters held 51.45 per cent stake in the company as of 31-Mar-2021, while foreign investors and domestic institutional investors ownership stood at 15.52 per cent and 8.46 per cent, respectively.

    Key Financials
    The firm reported consolidated sales of Rs 16185.41 crore for the quarter ended 31-Mar-2021, up 1.91 per cent from the previous quarter's Rs 15882.82 crore and up 14.26 per cent from the year-ago quarter's Rs 18878.35 crore.

    Profit for the latest quarter stood at Rs 2486.62 crore, down 47.41 per cent from the same quarter a year ago.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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