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GAIL (India) pares losses after good Q3 outcome

Capital Market / 15:22 , Jan 23, 2012

GAIL (India) was down 0.90% at Rs 369.70 at 15:17 IST on BSE, paring some losses after net profit rose 12.79% to Rs 1091.42 crore on 31.97% increase in total income to Rs 11315.50 crore in Q3 December 2011 over Q3 December 2010.

The result was announced during trading hours today, 23 January 2012. The stock had fallen as much as 2.22% at the day's low of Rs 364.75.

Meanwhile, the BSE Sensex was up 13.71 points, or 0.08%, to 16,752.72.

On BSE, 2.01 lakh shares were traded in the counter as against an average daily volume of 1.35 lakh shares in the past one quarter.

The stock hit a high of Rs 374.70 and a low of Rs 364.75 so far during the day. The stock had hit a 52-week low of Rs 360.20 on 18 January 2012. The stock had hit a 52-week high of Rs 485.95 on 27 April 2011.

The stock had underperformed the market over the past one month until 20 January 2012, falling 2.04% compared with the Sensex's 10.31% rise. The scrip had also underperformed the market in past one quarter, sliding 11.59% as against 1.17% fall in the Sensex.

The large-cap state-run gas transmission and distribution firm has an equity capital of Rs 1268.48 crore. Face value per share is Rs 10.

GAIL (India) is India's flagship gas transmission and marketing company with global footprints. The company is in the process of constructing 5000 kilometre of additional pipeline network by 2014-15.

 



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