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GAIL (India) is currently trading at Rs. 413.15, up by 2.20 points or 0.54% from its previous closing of Rs. 410.95 on the BSE.
The scrip opened at Rs. 410.00 and has touched a high and low of Rs. 416.00 and Rs. 403.65 respectively. So far 13152 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 535.85 on 06-Jan-2011 and a 52 week low of Rs. 403.00 on 12-Sep-2011.
Last one week high and low of the scrip stood at Rs. 431.00 and Rs. 403.65 respectively. The current market cap of the company is Rs. 52128.08 crore.
The promoters holding in the company stood at 57.34 % while Institutions and Non-Institutions held 38.67% and 3.20% respectively.
GAIL (India) has acquired its first shale gas assets in the USA through its wholly owned US subsidiary GAIL Global (USA) Inc., formed on September 26, 2011. The subsidiary company has executed definitive agreements with Carrizo Oil & Gas Inc (“Carrizo”), a NASDAQ (CRZO) listed company based in Houston, Texas, to enter into an unincorporated joint venture, under which GAIL Global (USA) Inc., will acquire a 20% interest in Carrizo’s Eagle Ford Shale acreage position. The joint venture will have 20,200 gross acres, out of which GAIL subsidiary would have 4,040 net acres spread over four counties in Texas.
The total investment for this would be around $300 million dollar over a period of next 5 years. This includes upfront cash payment of $63.7 million and a carry amount of $31.3 million linked to Carrizo’s future drilling and development costs. Major part of these investments would be funded by the GAIL Global out of its earnings. The joint venture is expected to drill additional 139 wells in the acreage.
Meanwhile, Carrizo will continue to function as the operator for the joint venture. Included in the transaction are eight wells in the acreage which are currently producing about 2,350 net barrels of oil equivalent per day (470 barrels of equivalent per day net to GAIL).
| Company Name | CMP |
|---|---|
| GAIL India | 199.35 |
| Petronet LNG | 294.90 |
| Linde India | 9135.15 |
| Confidence Petroleum | 82.96 |
| Refex Industries | 134.70 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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