Share price of GAIL falls as Sensex gains 442.98 points
The counter has had a total traded volume of 200686 shares so far with a value of Rs 4.8 crore on the NSE. It traded at a price-to-earnings multiple of 13.98 and a price-to-book ratio of 1.55.
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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 110.62 per cent during the past one year, while the 30-share index advanced 22.79 per cent during the same period. GAIL (India) Ltd. belongs to the Gas Distribution industry. Promotor/FII Holding
Promoters held 51.52 per cent stake in the company as of 30-Jun-2024, while FIIs and domestic institutional investors ownership stood at 15.08 per cent and 9.26 per cent, respectively.
Key Financials
The company reported consolidated sales of Rs 34958.32 crore for the quarter ended 30-Jun-2024, up 5.96 per cent from the previous quarter’s Rs 32992.84 crore and up 6.13 per cent from the year-ago quarter’s Rs 32940.64 crore.
Profit for the latest quarter stood at Rs 3182.93 crore, up 77.63 per cent from the same quarter a year ago.
