Share price of GAIL jumps as Sensex drops 507.58 points

Share price of GAIL (India) Ltd. gained 0.44 per cent to Rs 124.1 at 10:40AM (IST) in Thursday's trade. The scrip hit a high of Rs 125.25 and low of Rs 123.5 so far during the session. The stock had closed at Rs 123.55 in the previous session.

The counter had a total traded volume of 10:40AM shares so far with a turnover of Rs 3.31 crore on BSE. The stock traded at a price-to-earnings multiple of 19.61 and a price-to-book ratio of 1.07.

A higher price-to-earnings 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 foreign 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 33000.79 crore for the quarter ended 30-Jun-2023, down 2.23 per cent from the previous quarter's Rs 33753.23 crore and down 13.13 per cent from the year-ago quarter's Rs 37987.96 crore.

Its profit for the latest quarter stood at Rs 1791.85 crore, down 44.92 per cent from the same quarter a year ago.