Share price of GAIL jumps as Sensex drops 84.19 points

Share price of GAIL jumps as Sensex drops 84.19 points
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Synopsis

A total of 84,205 shares changed hands on the counter till 10:41AM (IST)

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Share price of GAIL (India) Ltd. gained 0.04 per cent to Rs 139.85 at 10:41AM (IST) in Friday's trade. The scrip hit a high of Rs 140.65 and low of Rs 138.65 so far during the session. The stock had closed at Rs 139.8 in the previous session.

The counter had a total traded volume of 10:41AM shares so far with a turnover of Rs 1.17 crore on BSE. The stock traded at a price-to-earnings multiple of 5.51 and a price-to-book ratio of 1.13.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 51.8 per cent stake in the company as of 31-Dec-2021, while FIIs and domestic institutional investors ownership stood at 19.69 per cent and 15.26 per cent, respectively.

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 the previous quarter's Rs 22056.21 crore and up 67.27 per cent from the year-ago quarter's Rs 15882.82 crore.

Its profit for the latest quarter stood at Rs 3780.78 crore, up 100.72 per cent from the same quarter a year ago.

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