Share price of GAIL jumps as Sensex gains 511.24 points

Share price of GAIL (India) Ltd. gained 1.78 per cent to Rs 96.95 at 11:33AM (IST) in Wednesday's trade. The counter hit a high of Rs 97.95 and low of Rs 95.25 so far during the session. The stock had closed at Rs 95.25 in the previous session.

The counter had a total traded volume of 11:33AM shares so far with a turnover of Rs 3.71 crore on BSE. The stock traded at a price-to-earnings multiple of 7.51 and a price-to-book ratio of 1.08.

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 is the measure of the price that investors are ready to pay even for no growth in the business.

GAIL (India) Ltd. belongs to the Gas Distribution industry.

Promotor/FII Holding
Promoters held 51.91 per cent stake in the company as of 31-Dec-2022, while FIIs and domestic institutional investors ownership stood at 18.04 per cent and 15.88 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 36334.2 crore for the quarter ended 31-Dec-2022, down 6.65 per cent from the previous quarter's Rs 38921.38 crore and down 36.77 per cent from the year-ago quarter's Rs 26566.52 crore.

Its profit for the latest quarter stood at Rs 413.76 crore, down 89.06 per cent from the same quarter a year ago.