GAIL shares drop 1.72% as Sensex rises

Shares of (India) Ltd. traded 1.72 per cent down at Rs 145.3 at 02:13PM (IST) on Thursday, even as BSE benchmark Sensex gained 337.01 points to 53241.06. The stock had closed at Rs 147.85 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 170.0 and Rs 81.25, respectively.

As per BSE data, total traded volume on the counter till 02:13PM (IST) stood at 02:13PM shares with turnover at Rs 5.33 crore.

At the current price, shares of the company trades at 10.5 times its trailing 12-month earnings per share of Rs 13.82 per share and 0.7 times its price-to-book value, the exchange 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 51.82 per cent stake in the company as of 31-Mar-2021, while FIIs owned 15.63 per cent and DIIs 19.31 per cent.