GAIL shares down 3.07% as Nifty drops

GAIL shares down 3.07% as Nifty drops
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Synopsis

A total of 313,193 shares changed hands on the counter till 01:59PM (IST).

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Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
NEW DELHI: Shares of GAIL (India) Ltd. traded 3.07 per cent down in Tuesday's trade at 01:59PM (IST). Around 313,193 shares changed hands on the counter.

The scrip opened at Rs 148.5 and touched an intraday high and low of Rs 148.7 and Rs 142.35, 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 125.2.

As per BSE, the total market cap of the GAIL (India) Ltd. stood at Rs 63874.94 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 26566.52 crore for the quarter ended 31-Dec-2021, up 20.45 per cent from previous quarter's Rs 22056.21 crore and up 67.27 per cent from the year-ago quarter's Rs 15882.82 crore.

The net profit for latest quarter stood at Rs 3780.78 crore, up 100.72 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2021, DIIs held 7.87 per cent stake in the company, while foreign institutional investors held 19.56 per cent and the promoters 51.45 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 5.66 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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