GAIL (India) is currently trading at Rs 392.20, up by 1.25 points or 0.32% from its previous closing of Rs 390.95 on the BSE.
The scrip opened at Rs. 396.20 and has touched a high and low of Rs. 397.50 and Rs. 390.75 respectively. So far 49817 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 403.00 on 04-Jul-2016 and a 52 week low of Rs 260.25 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs 402.85 and Rs 387.55 respectively. The current market cap of the company is Rs 49876.53 crore.
The promoters holding in the company stood at 56.11%, while Institutions and Non-Institutions held 40.42% and 2.68% respectively.
GAIL India is reportedly in discussion with Russia’s Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices as weak demand at home forces it to stall some contracted supply. Shipments under the deal, initially expected to start in 2018/2019, are linked to crude oil prices which are rising while gas prices are expected to stay subdued for longer as major new production plants in Australia and the United States start up.
The company is also trying to juggle a rapidly expanded LNG book after embarking on a buying spree between 2011 and 2013 when the fuel was scarce and prices kept hitting new peaks.
GAIL is India’s flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.
| Company Name | CMP |
|---|---|
| GAIL India | 166.50 |
| Gujarat Gas | 396.55 |
| Indraprastha Gas | 166.25 |
| Mahanagar Gas | 1171.95 |
| Adani Total Gas | 633.70 |
| View more.. | |
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