GAIL (India) Ltd shares up 1.95% as Nifty gains

GAIL (India) Ltd. shares up 1.95% as Nifty gains

GAIL (India) Ltd shares up 1.95% as Nifty gains

GAIL (India) Limited is an Indian government agency, natural gas processing, and distribution company headquartered in New Delhi, India. The administrative control of the Ministry of Petroleum and Natural Gas.

Moreover, shares of GAIL (India) Ltd rose 1.95 percent to 130.45 in Friday’s trade. While it hit an intraday high of Rs. 131.7 and low of Rs. 129.8, respectively. The stock quoted a 52-week high price of Rs. 157.95 and a low of Rs. 67.6.

On the other side, the counter saw a total traded volume of 2,08,296 shares with a traded value of Rs. 2.72 crore, according to NSE. The stock had closed at Rs. 127.95 in the previous session. However, the scrip has declined -7.97 percent in the past month to date.

While the benchmark BSE Sensex has slipped -4.58 percent during the same period. As per exchange data, the stock traded at a price-to-earnings (P/E) multiple of 7.03. However, the price-to-book ratio stood at 0.7. A higher P/E ratio shares that investors are willing to pay a higher price for per rupee earnings given the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business. While the stock belongs to the Gas Distribution industry.

Promoter/FII Holding:

Promoters held a 51.76 percent stake in the company as of December 31st, 2020. While FII and MF ownership in the firm stood at 15.51 percent and 9.79 percent, respectively.

Key Financials:

The company reported consolidated sales of Rs. 15,882.82 crore for the quarter ended December 31st, 2020, up 12.71 percent from the previous quarter Rs. 14,091.23 crore and up 12.15 percent from the year-ago quarter Rs. 18,078.73 crore. While its net profit for the latest quarter stood at Rs. 1,883.61 crore, down 6.97 percent from the same quarter a year ago.

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