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    GAIL shares drop 1.25% as Sensex rises

    Synopsis

    A total of 1,226,370 shares changed hands on the counter till 02:03PM (IST)

    stock-market-124-gettyGetty Images
    Shares of the GAIL (India) Ltd. traded at Rs 107.0 on BSE at 02:03PM (IST) on Wednesday, down 1.25 per cent. The stock quoted a 52-week low price of Rs 83.0 and a high of Rs 113.95.

    Earlier in the day, the stock saw a gap down opening.

    At the prevailing price, the stock traded at 12.52 times its trailing 12-month EPS of Rs 8.54 per share and 1.07 times its book value, as per BSE data.

    A total of 1,226,370 shares changed hands on the counter till 02:03PM (IST). The stock commands a market value of Rs 70287.82 crore and is part of the Gas Distribution industry.

    The scrip has been an outperformer , up 17.67 per cent in the past one year in comparison with a 16.92 per cent gain in Sensex.

    During the day, the stock moved between Rs 108.3 and Rs 106.7.

    Promoter/FII Holding
    Promoters held 51.52 per cent in the company as of 31-Mar-2023. FII and MF ownership in GAIL (India) Ltd. stood at 16.28 per cent and 8.38 per cent, respectively.
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