GAIL shares down 2.03% as Nifty drops

GAIL shares down 2.03% as Nifty drops
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Synopsis

A total of 320,981 shares changed hands on the counter till 01:08PM (IST).

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NEW DELHI: Shares of (India) Ltd. traded 2.03 per cent down in Friday's trade at 01:08PM (IST). Around 320,981 shares changed hands on the counter.

The counter opened at Rs 134.0 and touched an intraday high and low of Rs 134.15 and Rs 129.8, respectively, in the session so far. Shares of the company of GAIL (India) Ltd. quoted a 52-week high of Rs 171.35 and a 52-week low of Rs 119.0.

As per BSE, the total market cap of the GAIL (India) Ltd. stood at Rs 57725.01 crore at the time of writing this report.

Key Financials
The company reported consolidated net 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.

The net profit for latest quarter stood at Rs 2883.3 crore, up 159.34 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2021, domestic institutional investors held 9.1 per cent stake in the company, while foreign institutional investors held 18.22 per cent and the promoters 51.45 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 6.15 and a price-to-book ratio of 1.13. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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

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