Trending stocks: GAIL India shares slip 3% in early trade

NEW DELHI: Shares of GAIL (India) traded 2.96 per cent down in Monday 's trade at 10:35AM (IST).

Around 3119522 shares changed hands on the counter. The stock opened at Rs 88.7 and touched an intraday high and low of Rs 89.4 and Rs 83.8 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 193.38 and a 52-week low of Rs 66.4 .


The state-owned gas utility has shut its petrochemical plant at Pata in Uttar Pradesh, joining a host of petchem makers who have been forced to shut units as the unprecedented nationwide lockdown evaporated demand and created transportation hurdles.

Financials
GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 39914.62 Crore) operating in Gas & Petroleum sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 17882.74 Crore, down -1.93 % from last quarter Sales of Rs 18235.45 Crore and down -11.55 % from last year same quarter Sales of Rs 20217.54 Crore Company has reported net profit after tax of Rs 1015.10 Crore in latest quarter.

GAIL (India) Ltd. key Products/Revenue Segments include Gas Natural which contributed Rs 61501.94 Crore to Sales Value (81.86 % of Total Sales), Sale of services which contributed Rs 1935.20 Crore to Sales Value (2.57 % of Total Sales), Propane which contributed Rs 882.19 Crore to Sales Value (1.17 % of Total Sales), Other Operating Revenue which contributed Rs 318.78 Crore to Sales Value (0.42 % of Total Sales), Power which contributed Rs 57.10 Crore to Sales Value (0.07 % of Total Sales), Oil Crude which contributed Rs 35.64 Crore to Sales Value (0.04 % of Total Sales), Compressed Natural Gas (CNG) which contributed Rs 12.47 Crore to Sales Value (0.01 % of Total Sales) and Income From Telecom which contributed Rs 2.42 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 51.760014 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 6.13 and price to book value of 0.41 .