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GAIL shines on offloading part of its 4.6% stake in China Gas Holdings for Rs 385 crore

28 Oct 2013 Evaluate

GAIL (India) is currently trading at Rs. 347.35, up by 3.80 points or 1.11% from its previous closing of Rs. 343.55 on the BSE.

The scrip opened at Rs. 351.50 and has touched a high and low of Rs. 351.50 and Rs. 345.00 respectively. So far 2,25,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 395.00 on 18-Jan-2013 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. 352.70 and Rs. 325.90 respectively. The current market cap of the company is Rs. 44,117.00 crore.

The promoters holding in the company stood at 57.34% while Institutions and Non-Institutions held 38.75% and 2.60% respectively.

GAIL India has offloaded part of its 4.6% stake in Hong Kong-listed city gas distribution firm China Gas Holdings for about Rs 385 crore. The gas utility has sold 60 million shares in the Chinese company and kept rest of the share with itself that will help it to retain its board position in China Gas Holdings.

China Gas has exclusive rights to set up gas distribution projects in 42 cities in China. GAIL had made a strategic investment of Rs 137 crore by acquiring 210 million shares of China Gas in 2005.

Recently GAIL reported a fall of 7.07% in its net profit at Rs 915.67 crore for the quarter as compared to Rs 985.38 crore for the same quarter in the previous year. However, total income from operation of the company increased by 21.95% at Rs 14,224.37 crore for quarter under review as compared to Rs 11,664.37 crore for the quarter ended September 30, 2012.

GAIL India Share Price

166.50 -0.95 (-0.57%)
08-May-2026 16:59 View Price Chart
Peers
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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