Market

GAIL shares 0.0% as Nifty falls

Shares of (India) Ltd. 0.0 per cent to Rs 144.85 in Monday’s trade. It hit an intraday high of Rs 147.25 and low of Rs 144.1, respectively, during the day.

The stock quoted a 52-week high price of Rs 170.0 and low of Rs 81.25.

As of 12:18PM (IST), the counter saw total traded volume of 1,167,407 shares with a traded value of Rs 16.94 crore, according to NSE.

The stock had closed at Rs 144.85 in the previous session.

The scrip has declined -6.64 per cent in the past one month till date, while the benchmark BSE Sensex has gained 0.74 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 10.47 while price-to-book ratio stood at 0.7. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Gas Distribution industry.

Promoter/FII Holding
Promoters held 51.45 per cent stake in the company as of 30-Jun-2021, while FII and MF ownership in the firm stood at 16.83 per cent and 8.61 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 16185.41 crore for the quarter ended 31-Mar-2021, up 1.91 per cent from the previous quarter’s Rs 15882.82 crore and up 14.26 per cent from the year-ago quarter’s Rs 18878.35 crore. Its net profit for the latest quarter stood at Rs 2486.62 crore, down 47.41 per cent from the same quarter a year ago.

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