GAIL is currently trading at Rs. 392.50, up by 6.75 points or 1.75% from its previous closing of Rs. 385.75 on the BSE.
The scrip opened at Rs. 387.40 and has touched a high and low of Rs. 393.30 and Rs. 387.00 respectively. So far 27374 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 485.95 on 27-Apr-2011 and a 52 week low of Rs. 360.20 on 18-Jan-2012.
Last one week high and low of the scrip stood at Rs. 395.00 and Rs. 377.10 respectively. The current market cap of the company is Rs. 49248.64 crore.
The promoters holding in the company stood at 57.34% while Institutions and Non-Institutions held 38.65% and 3.19% respectively.
Gas Authority of India (GAIL) is eying at medium-term (for one to 12 months) imported contracts to meet the growing gas demand amidst limited domestic supplies. It is looking at Russia, West Asia, and South-East Asia for sourcing liquefied natural gas.
In the January-March quarter of the current fiscal, the company plans to acquire four spot cargoes. It is sourcing cargo from Marubeni (Japan), Sonatrach (Algeria), Rasgas (Qatar), as well as a US-based company. It is in discussion with five-six players, including Macquarie Energy, to source LNG.
The company has posted a surge of 12.79% in its net profit of Rs 1091.42 crore for the quarter ended December 31, 2011 as compared to Rs 967.63 crore for the same quarter in the previous year. Total income has increased by 31.97% from Rs 8,574.21 crore for Q3FY11 to Rs 11,315.50 crore in the quarter under review.
| Company Name | CMP |
|---|---|
| GAIL India | 158.50 |
| Gujarat Gas | 364.00 |
| Indraprastha Gas | 168.00 |
| Mahanagar Gas | 1133.95 |
| Adani Total Gas | 627.05 |
| View more.. | |
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