Share price of GAIL jumps as Sensex drops 271.61 points

Share price of GAIL (India) Ltd. gained 0.95 per cent to Rs 117.15 at 01:04PM (IST) in Thursday's trade. The scrip hit a high of Rs 117.8 and low of Rs 115.5 so far during the session. The stock had closed at Rs 116.05 in the previous session.

The counter had a total traded volume of 01:04PM shares so far with a turnover of Rs 831.0 crore on BSE. The stock traded at a price-to-earnings multiple of 13.73 and a price-to-book ratio of 1.07.

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 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 51.91 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 16.09 per cent and 18.05 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 33753.23 crore for the quarter ended 31-Mar-2023, down 7.1 per cent from the previous quarter's Rs 36334.2 crore and down 22.04 per cent from the year-ago quarter's Rs 27657.93 crore.

Its profit for the latest quarter stood at Rs 634.18 crore, down 81.64 per cent from the same quarter a year ago.