GAIL (India) slips after declaring Q2 result

GAIL (India) fell 1.12% to Rs 451.35 at 11:32 IST on BSE after the company declared Q2 September 2017 result after market hours yesterday, 14 November 2017.

Meanwhile, the S&P BSE Sensex was down 80.48 points or 0.24% at 32,861.39

On the BSE, 1.10 lakh shares were traded on the counter so far as against average daily volumes of 5.35 lakh shares in the past one quarter. The stock had hit a high of Rs 463 and a low of Rs 441.50 so far during the day. The stock had hit a record high of Rs 480 on 30 October 2017 and a 52-week low of Rs 300.98 on 24 November 2016.

The stock had outperformed the market over the past one month till 14 November 2017, rising 4.24% compared with 1.57% rise in the Sensex. The scrip also outperformed the market in the past one quarter, gaining 23.28% as against Sensex's 4.75% rise. The scrip had also outperformed the market in the past one year, surging 39.6% as against Sensex's 22.83% rise.

The large-cap company has equity capital of Rs 1691.30 crore. Face value per share is Rs 10.

GAIL (India) reported 41.6% rise in net profit to Rs 1309.63 crore on 4.5% growth in net sales to Rs 12409.65 crore in Q2 September 2017 over Q2 September 2016. GAIL (India) said that increase in net profit was supported by increase in Natural Gas Transmission & Marketing volumes by 5% each, LPG Transmission by 11%, Petrochemicals Sales by 29% & Liquid Hydrocarbon Sales by 17%. All the segments have registered positive physical growth both sequentially and on year-on-year basis, GAIL (India) said.

GAIL (India) is India's largest natural gas company.

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