GAIL is currently trading at Rs. 316.50, up by 4.50 points or 1.44% from its previous closing of Rs. 312.00 on the BSE.
The scrip opened at Rs. 311.00 and has touched a high and low of Rs. 319.35 and Rs. 307.00 respectively. So far 65,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 396.00 on 05-Oct-2012 and a 52 week low of Rs. 273.00 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 319.45 and Rs. 298.15 respectively. The current market cap of the company is Rs. 40,147 crore.
The promoters holding in the company stood at 57.34% while Institutions and Non-Institutions held 38.59% and 2.88% respectively.
Gail India is negotiating with gas rich Qatar to secure 3 million tonnes of LNG at a price lower than the offered $14 per unit, and is offering to help Qatar Petroleum acquire 5% equity in Petronet LNG. The state firm wants a price of $12.5 per unit for LNG. In return, it has offered to waive its preemptive rights on the 5% stake in Petronet that Asian Development Bank is selling. This can help Qatar Petroleum buy that stake. The company expects Qatar to softening their stance as the company has negotiated lower LNG prices at Sabine pass, US and Gorgon, Australia.
