GAIL (India) inches up after strong Q3 results

GAIL (India) rose 0.55% to Rs 347 at 15:13 IST on BSE after net profit surged 30.7% to Rs 1679.40 crore on 27.79% growth in total income to Rs 16246.71 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced during trading hours today, 29 January 2014.

Meanwhile, the S&P BSE Sensex was down 27.30 points or 0.13% at 20,656.21.

On BSE, so far 1.19 lakh shares were traded in the counter as against average daily volume of 76,782 shares in the past one quarter.

The stock was volatile. The stock rose as much as 2.14% at the day's high of Rs 352.50 so far during the day. The stock lost as much as 1.11% at the day's low of Rs 341.25 so far during the day. The stock had hit a 52-week high of Rs 364.90 on 28 January 2013. The stock had hit a 52-week low of Rs 273 on 28 August 2013.

The stock had outperformed the market over the past one month till 28 January 2014, rising 1.35% compared with the Sensex's 2.41% fall. The scrip had, however, underperformed the market in past one quarter, advancing 0.12% as against Sensex's 0.55% rise.

The large-cap company has equity capital of Rs 1268.48 crore. Face value per share is Rs 10.

There was an exceptional income of Rs 344.95 crore in Q3 December 2013 on account of profit on sale of long term investments.

GAIL (India)'s subsidy sharing burden declined 99.81% to Rs 1.32 crore in Q3 December 2013 over Q3 December 2012.

GAIL (India) is India's flagship gas transmission and marketing company with global footprints. The Government of India (GoI) holds 57.34% stake in GAIL (India) (as per the shareholding pattern as on 31 December 2013).

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