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GAIL Gains 3%; BSE OIL & GAS Index Up 3.0%
Wed, 7 Aug 10:14

GAIL Gains 3%; BSE OIL & GAS Index Up 3.0%Image source: phive2015/www.istockphoto.com

GAIL share price has zoomed 3% and is presently trading at Rs 229.3.

Meanwhile, the BSE OIL & GAS index is at 31,755.6 (up 3.0%).

Among the top gainers in the BSE OIL & GAS index today are ONGC (up 6.3%) and BPCL (up 2.8%).

GUJARAT GAS (down 0.9%) is among the top losers today.

Over the last one year, GAIL has moved up from Rs 114.2 to Rs 229.3, registering a gain of Rs 115.1 (up 100.7%).

On the other hand, the BSE OIL & GAS index has moved up from 18,945.7 to 31,755.6, registering a gain of 67.6% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 121.8%), GAIL (up 100.7%) and BPCL (up 90.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,162.4 (up 0.7%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 2.2%) and Maruti Suzuki (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,198.8 (up 0.9%). ONGC and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,162.4, registering a gain of 13,208.9 points (up 20.0%).

GAIL Financial Update...

GAIL net profit grew 92.0% YoY to Rs 27,192 million for the quarter ended June 2024, compared to a profit of Rs 14,160 million a year ago. Net sales rose 6.0% to Rs 348,219 million during the period as against Rs 328,488 million in April-June 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 15.8.

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