GAIL India tumbled 13.20% to Rs 195 at 10:40 IST on BSE, even as net profit surged 78.76% to Rs 1023.45 crore in Q2 September 2008 over Q2 September 2007.
The stock hit a high of Rs 224 so far during the day. The stock hit a low of Rs 191.25 so far during the day, which is a 52-week low for the counter. The stock has a 52-week high of Rs 370 on 1 January 2008.
The stock gained 0.47% to Rs 224.65 on 23 October 2008, ahead of the results.
The company’s current equity is Rs 1268.48 crore. Face value per share is Rs 10.
The current price of Rs 195 discounts the company’s Q2 September 2008 annualized EPS of Rs 48.41, by a PE multiple of 4.03.
GAIL India’s net sales 36.3% to Rs 6172.61 crore in Q2 September 2008 over Q2 September 2007.
In September 2008, GAIL India’s board approved a 1:2 bonus issue.
The company distributes natural gas and processes petrochemicals.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment