Share price of GAIL jumps as Sensex drops 134.65 points

Share price of GAIL jumps as Sensex drops 134.65 points
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Synopsis

Promoters held 51.45 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 19.49 per cent and 9.06 per cent, respectively.

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India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
The share price of GAIL (India) Ltd. gained 0.75 per cent to Rs 154.35 at 10:45AM (IST) in Tuesday's trade. The counter has hit a high of Rs 154.6 and low of Rs 153.15 so far during the session. The stock had closed at Rs 153.2 in the previous session.

The counter has had a total traded volume of 59099 shares so far with a value of Rs 0.91 crore on the NSE. It traded at a price-to-earnings multiple of 6.08 and a price-to-book ratio of 1.13.

A higher P/E 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 1.78 per cent during the past one year, while the 30-share index advanced 10.14 per cent during the same period.

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

Promotor/FII Holding
Promoters held 51.45 per cent stake in the company as of 31-Mar-2022, while foreign investors and domestic institutional investors ownership stood at 19.49 per cent and 9.06 per cent, respectively.

Key Financials
The firm 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.

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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