GAIL to consider issue of bonus shares next week
"This is to inform that a meeting of the Board of Directors of GAIL (India) Limited is scheduled on Wednesday, 27th July 2022 to, inter-alia, consider issuance of Bonus Shares by the Company," GAIL said in a BSE filing.
By Nikhil Agarwal, ETMarkets.com |
Agencies
NEW DELHI: PSU stock GAIL today announced that it would consider the issue of bonus shares at a board meeting next week.
"This is to inform that a meeting of the Board of Directors of GAIL (India) Limited is scheduled on Wednesday, 27th July 2022 to, inter-alia, consider issuance of Bonus Shares by the Company," GAIL said in a BSE filing.
The gas utility stock, which has given a return of 7.72 per cent so far in 2022, ended 1.6 per cent lower today at Rs 141.55. Out of the 28 analysts covering the stock, none of them have a sell rating on GAIL. The average target price of Rs 185.6 suggests a potential upside of 31.5 per cent.
GAIL, which had issued a 1:1 bonus in July 2019, comes with a dividend yield of more than 6 per cent.
"This is to inform that a meeting of the Board of Directors of GAIL (India) Limited is scheduled on Wednesday, 27th July 2022 to, inter-alia, consider issuance of Bonus Shares by the Company," GAIL said in a BSE filing.
The gas utility stock, which has given a return of 7.72 per cent so far in 2022, ended 1.6 per cent lower today at Rs 141.55. Out of the 28 analysts covering the stock, none of them have a sell rating on GAIL. The average target price of Rs 185.6 suggests a potential upside of 31.5 per cent.
GAIL, which had issued a 1:1 bonus in July 2019, comes with a dividend yield of more than 6 per cent.
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