GAIL (India) slides after Q2 results

GAIL (India) was down 0.22% to Rs 368.25 at 14:27 IST on BSE after net profit rose 49.89% to Rs 1962.96 crore on 55.33% increase in revenue from operations to Rs 19275.32 crore in Q2 September 2018 over Q2 September 2017.

The result was announced during trading hours today, 5 November 2018.

Meanwhile, the S&P BSE Sensex was down 126.03 points, or 0.36% to 34,885.62.

On the BSE, 5.18 lakh shares were traded in the counter so far compared with average daily volumes of 1.64 lakh shares in the past two weeks. The stock had hit a high of Rs 377 and a low of Rs 366.30 so far during the day. The stock hit a 52-week high of Rs 398.80 on 16 August 2018. The stock hit a 52-week low of Rs 296 on 5 October 2018.

 

GAIL (India) is India's largest natural gas company and ranked among the top gas utilities in Asia.

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