Time: 2024-07-22
GAIL ( India ) Ltd. 's Share price saw a 2.57 per cent increase to Rs 225.4 in Monday 's trading session . The stock experienced a high of Rs 225.4 and a low of Rs 216.1 throughout the day . It also achieved a 52 - week high price of Rs 239.2 and a low of Rs 109.55 . The stock had a total traded volume of 203,597 shares with a traded value of Rs 4.49 crore as of 10:46AM ( IST ) , as reported by NSE . In the previous session , the stock closed at Rs 219.75 . Over the past month , the stock has risen by 16.73 per cent , outperforming the BSE SENSEX which has gained 11.46 per cent during the same period.
The stock 's price - to - earnings ( P / E ) multiple is 14.93 , indicating investors ' willingness to pay a higher price for per rupee earnings due to positive growth expectations . Additionally , the price - to - book ratio is at 1.55 , reflecting the value investors are willing to pay for a company even with no growth in business . GAIL belongs to the Gas Distribution industry . Promoters currently hold a 51.52 per cent stake in the company as of 30 - Jun-2024 , while FII and MF ownership stand at 15.08 per cent and 9.26 per cent , respectively.
As per the latest financial data , GAIL reported consolidated sales of Rs 32992.84 crore for the quarter ended 31 - Mar-2024 . This figure is down 6.03 per cent from the previous quarter 's Rs 35111.76 crore and a 2.25 per cent decrease from the year - ago quarter 's Rs 33753.23 crore . The net profit for the same quarter stood at Rs 2468.71 crore , showing an increase of 289.28 per cent from the corresponding quarter a year ago.
In conclusion , GAIL 's performance in the stock market has been positive , with a steady increase in share price and trading volume . Investors are showing confidence in the company 's future growth prospects , as reflected in the P / E ratio . The Gas Distribution industry continues to be a significant sector for investment , and GAIL remains a key player in this field.
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