Share price of GAIL falls as Sensex drops 30.03 points

Share price of GAIL falls as Sensex drops 30.03 points
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Synopsis

Promoters held 51.45 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 16.83 per cent and 8.61 per cent, respectively.

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
The share price of (India) Ltd. dropped 0.74 per cent to Rs 141.35 at 01:57PM (IST) in Monday's trade. The stock has hit a high of Rs 142.15 and low of Rs 139.75 so far during the session. The stock had closed at Rs 142.4 in the previous session.

The counter has had a total traded volume of 177203 shares so far with a value of Rs 2.49 crore on the NSE. It traded at a price-to-earnings multiple of 10.23 and a price-to-book ratio of 0.7.

A higher P/E 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 3 months on a 10-point scale.

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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 41.92 per cent during the past one year, while the 30-share index advanced 39.8 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 30-Jun-2021, while foreign investors and domestic institutional investors ownership stood at 16.83 per cent and 8.61 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.

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