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GAIL slips despite reporting 33% rise in Q3 net profit

05 Feb 2019 Evaluate

GAIL (India) is currently trading at Rs. 329.80, down by 0.40 points or 0.12% from its previous closing of Rs. 330.20 on the BSE.

The scrip opened at Rs. 330.55 and has touched a high and low of Rs. 339.00 and Rs. 327.65 respectively. So far 296040 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.80 on 16-Aug-2018 and a 52 week low of Rs. 296.00 on 05-Oct-2018.

Last one week high and low of the scrip stood at Rs. 335.00 and Rs. 320.00 respectively. The current market cap of the company is Rs. 75105.14 crore.

The promoters holding in the company stood at 53.49%, while Institutions and Non-Institutions held 42.65% and 3.86% respectively.

GAIL has reported 33.20% rise in its net profit at Rs 1,681.23 crore for the quarter ended December 31, 2018 under review as compared to Rs 1,262.22 crore for the same quarter in the previous year. Total income of the company increased by 36.16% at Rs 20009.03 crore for Q3FY19 as compared Rs 14695.09 crore for the corresponding quarter previous year.

GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

Peers
Company Name CMP
GAIL (India) 168.70
Gujarat Energy 224.10
Indraprastha Gas 145.25
Mahanagar Gas 1047.25
Adani Total Gas 577.25
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