Banking and finance

GAIL shares up 0.22% as Nifty falls

Shares of (India) Ltd. rose 0.22 per cent to Rs 157.45 in Friday’s commerce. It hit an intraday excessive of Rs 157.9 and low of Rs 155.9, respectively, in the course of the day.

The inventory quoted a 52-week excessive value of Rs 170.0 and low of Rs 81.25.

As of 12:50PM (IST), the counter noticed whole traded quantity of 112,969 shares with a traded worth of Rs 1.77 crore, based on NSE.



The inventory had closed at Rs 157.1 within the earlier session.

The scrip has superior 7.15 per cent up to now one month until date, whereas the benchmark BSE Sensex has gained 6.64 per cent throughout the identical interval.

In keeping with trade information, the inventory traded at a price-to-earnings (P/E) a number of of 8.98 whereas price-to-book ratio stood at 0.7. A better P/E ratio exhibits that buyers are keen to pay the next value for per rupee earnings given by the inventory due to higher future progress expectations. The value-to-book worth signifies the inherent worth of an organization and it displays the value buyers are able to pay even for no progress in a enterprise.

The inventory belongs to the Fuel Distribution trade.

Promoter/FII Holding
Promoters held 51.45 per cent stake within the firm as of 30-Jun-2021, whereas FII and MF possession within the agency stood at 16.83 per cent and eight.61 per cent, respectively.

Key Financials
The corporate reported consolidated gross sales of Rs 17685.24 crore for the quarter ended 30-Jun-2021, up 9.27 per cent from the earlier quarter’s Rs 16185.41 crore and up 43.4 per cent from the year-ago quarter’s Rs 12332.65 crore. Its internet revenue for the most recent quarter stood at Rs 2137.75 crore, up 226.71 per cent from the identical quarter a yr in the past.


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