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GAIL Gains 6%; BSE OIL & GAS Index Up 1.5%
Wed, 6 Nov 10:6

GAIL Gains 6%; BSE OIL & GAS Index Up 1.5%Image source: hudiemm/www.istockphoto.com

GAIL share price has zoomed 6% and is presently trading at Rs 208.1.

Meanwhile, the BSE OIL & GAS index is at 27,698.0 (up 1.5%).

Among the top gainers in the BSE OIL & GAS index today are HPCL (up 2.9%) and GUJARAT GAS (up 1.9%).

Over the last one year, GAIL has moved up from Rs 123.3 to Rs 208.1, registering a gain of Rs 84.8 (up 68.8%).

On the other hand, the BSE OIL & GAS index has moved up from 18,960.3 to 27,698.0, registering a gain of 46.1% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 120.9%), BPCL (up 70.3%) and GAIL (up 68.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,982.6 (up 0.6%).

The top gainers among the BSE Sensex today are HCl Tech. (up 3.1%) and Infosys (up 2.9%). The most traded stocks in the BSE Sensex are ITC and Infosys.

In the meantime, NSE Nifty is at 24,401.2 (up 0.8%). Trent and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,982.6, registering a gain of 15,023.9 points (up 23.1%).

GAIL Financial Update...

GAIL net profit grew 13.2% YoY to Rs 23,237 million for the quarter ended September 2024, compared to a profit of Rs 20,524 million a year ago. Net sales rose 2.8% to Rs 339,813 million during the period as against Rs 330,497 million in July-September 2023.

For the year ended March 2024, GAIL reported 77.0% increase in net profit to Rs 99,028 million compared to net profit of Rs 55,959 million during FY23. Revenue of the company fell 8.6% to Rs 1,329,574 million during FY24.

The current Price to earnings ratio of GAIL, based on rolling 12 month earnings, stands at 14.0.


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