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GAIL (India) rises after solid Q1 performance

Capital Market 

GAIL (India) rose 1.72% to Rs 124 at 15:30 IST on BSE after consolidated net profit rose 4.2% to Rs 1,503.67 crore on a 5.16% increase in net sales to Rs 18,481.56 crore in Q1 June 2019 compared with Q1 June 2018.

The result was announced during trading hours today, 9 August 2019.

Meanwhile, S&P BSE Sensex was up 246.26 points or 0.66% at 37,573.62.

On BSE, 4.10 lakh shares were traded in GAIL (India) counter, compared to a 2-week average of 1.94 lakh shares. The stock hit an intraday high of Rs 125.30 and an intraday low of Rs 120.65. It hit a 52-week high of Rs 199.40 on 16 August 2018 and a 52-week low of Rs 119.70 on 8 August 2019.

GAIL (India) is an integrated energy company in the hydrocarbon sector. The company is engaged in gas marketing.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 09 2019. 15:50 IST