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GAIL Gains 3%; BSE OIL & GAS Index Up 0.7%
Mon, 22 Jul 11:0

GAIL Gains 3%; BSE OIL & GAS Index Up 0.7%Image source: phive2015/www.istockphoto.com

GAIL share price has zoomed 3% and is presently trading at Rs 225.0.

Meanwhile, the BSE OIL & GAS index is at 31,025.1 (up 0.7%).

Among the top gainers in the BSE OIL & GAS index today are BPCL (up 3.7%) and HPCL (up 3.2%).

Reliance Ind. (down 2.7%) and Petronet LNG (down 0.6%) are among the top losers today.

Over the last one year, GAIL has moved up from Rs 108.9 to Rs 225.0, registering a gain of Rs 116.1 (up 106.6%).

On the other hand, the BSE OIL & GAS index has moved up from 19,160.0 to 31,025.1, registering a gain of 61.9% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 106.6%), ONGC (up 93.4%) and HPCL (up 81.9%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,746.0 (up 0.2%).

The top gainers among the BSE Sensex today are NTPC (up 2.7%) and HDFC Bank (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,568.7 (up 0.2%). BPCL and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,795.1 to 80,746.0, registering a gain of 13,950.9 points (up 20.9%).

GAIL Financial Update...

GAIL net profit grew 546.9% YoY to Rs 20,600 million for the quarter ended March 2024, compared to a profit of Rs 3,184 million a year ago. Net sales declined 1.3% to Rs 328,332 million during the period as against Rs 332,641 million in January-March 2023.

For the year ended March 2023, GAIL reported 54.5% decrease in net profit to Rs 55,959 million compared to net profit of Rs 123,036 million during FY22. Revenue of the company grew 57.0% to Rs 1,454,616 million during FY23.

The current Price to earnings ratio of GAIL, based on rolling 12 month earnings, stands at 18.0.

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