GAIL shares down 1.8% as Nifty drops

GAIL shares down 1.8% as Nifty drops
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Synopsis

A total of 969,656 shares changed hands on the counter till 11:47AM (IST).

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
NEW DELHI: Shares of GAIL (India) Ltd. traded 1.8 per cent down in Tuesday's trade at 11:47AM (IST). Around 969,656 shares changed hands on the counter.

The stock opened at Rs 133.45 and touched an intraday high and low of Rs 135.3 and Rs 132.05, respectively, in the session so far. The stock 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 59456.76 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 same quarter a year ago.

Shareholding pattern
As of 31-Dec-2021, domestic institutional investors 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 5.27 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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