Share price of GAIL falls as Nifty weakens

Shares of (India) Ltd. slipped 0.14 per cent to Rs 145.85 in Wednesday’s trade as of 11:38AM (IST).

The stock hit a high price of Rs 148.2 and low of Rs 145.25 during the session.

The return on equity (ROE) for the stock stood at 11.53 per cent. Traded volume on the counter stood at 11:38AM shares and turnover at Rs 2.29 crore around that time.

The stock of GAIL (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 170.0 and Rs 81.25, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.91.

Promotor/FII Holding

Promoters held 51.83 per cent stake in the company as of 30-Jun-2021, while overseas investors held 16.96 per cent and domestic institutional investors had 19.38 per cent.

Key Financials

The company reported consolidated sales of Rs 17685.24 crore for the quarter ended 30-Jun-2021, up 9.27 per cent from previous quarter’s Rs 16185.41 crore and up 43.4 per cent from the year-ago quarter’s Rs 12332.65 crore.

Net profit after tax for the latest quarter stood at Rs 2137.75 crore, up 226.71 per cent from the same quarter a year ago.

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