GAIL shares down 2.2% as Nifty gains

NEW DELHI: Shares of GAIL (India) Ltd. traded 2.2 per cent down in Friday's trade at 01:48PM (IST). Around 694,883 shares changed hands on the counter.

The counter opened at Rs 109.0 and touched an intraday high and low of Rs 109.2 and Rs 105.05, respectively, in the session so far. The stock of GAIL (India) Ltd. quoted a 52-week high of Rs 112.8 and a 52-week low of Rs 83.0.

As per BSE, the total market cap of the GAIL (India) Ltd. stood at Rs 69926.18 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 36334.2 crore for the quarter ended 31-Dec-2022, down 6.65 per cent from previous quarter's Rs 38921.38 crore and down 36.77 per cent from the year-ago quarter's Rs 26566.52 crore.

The net profit for latest quarter stood at Rs 413.76 crore, down 89.06 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2023, domestic institutional investors held 8.38 per cent stake in the company, while foreign institutional investors held 16.28 per cent and the promoters 51.52 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 8.29 and a price-to-book ratio of 1.08. 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.