GAIL India jumped 4.04% to Rs 421.95 at 14:50 IST on BSE, after the company's board approved a 1:2 bonus issue.
The stock hit a high of Rs 423.85 and a low of Rs 402.45 so far during the day. The stock has a 52-week high of Rs 555 on 1 January 2008 and a 52-week low of Rs 305.80 on 8 July 2008.
The company’s current equity is Rs 845.65. Face value per share is Rs 10.
The current price of Rs 421.95 discounts Q1 June 2008 annualized EPS of Rs 42.42, by a PE multiple of 9.95.
On 24 June 2008, GAIL India's board recommended issue of bonus shares in the ratio of one equity share for every two shares held.
On 9 June 2008, GAIL India signed a gas co-operation agreement with Tamil Nadu Industrial Development Corporation to conduct preliminary techno-economic feasibility study for gas demand in Tamil Nadu.
In April 2008, the company signed contracts for marketing the entire volume of gas produced from the Panna-Mukta and Tapti fields.
GAIL India’s net profit surged 30.9% to Rs 896.87 on 35% increase in net sales to Rs 5730.71 crore in Q1 June 2008 over Q1 June 2007.
The company distributes natural gas and processes petrochemicals.
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