Share price of GAIL falls as Nifty weakens

Share price of GAIL falls as Nifty weakens
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Synopsis

A total of 397,410 shares changed hands on the counter till 12:11PM (IST).

ETMarkets.com
Shares of (India) Ltd. slipped 0.31 per cent to Rs 145.15 in Wednesday's trade as of 12:11PM (IST).

The stock hit a high price of Rs 146.65 and low of Rs 144.8 during the session.

The return on equity (ROE) for the stock stood at 11.53 per cent. Traded volume on the counter stood at 12:11PM shares and turnover at Rs 5.78 crore around that time.

The stock of GAIL (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 171.35 and Rs 92.85, respectively.

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

Promotor/FII Holding
Promoters held 51.85 per cent stake in the company as of 30-Sep-2021, while overseas investors held 18.36 per cent and domestic institutional investors had 17.72 per cent.

Key Financials
The company reported consolidated sales of Rs 22056.21 crore for the quarter ended 30-Sep-2021, up 24.72 per cent from previous quarter's Rs 17685.24 crore and up 56.52 per cent from the year-ago quarter's Rs 14091.23 crore.

Net profit after tax for the latest quarter stood at Rs 2883.3 crore, up 159.34 per cent from the same quarter a year ago.

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