Shares of GAIL (India) Ltd. traded 0.28 per cent up at Rs 173.1 at 11:01AM (IST) on Thursday, even as BSE benchmark Sensex gained 285.53 points to 72037.64. The stock had settled at Rs 172.6 in the previous session.The stock quoted a 52-week high and 52-week low of Rs 177.1 and Rs 91.0, respectively.As per BSE data, total traded volume on the counter till 11:01AM (IST) stood at 11:01AM shares with turnover at Rs 9.06 crore.At the prevailing price, shares of the company trades at 14.08 times its trailing 12-month earnings per share of Rs 12.27 per share and 1.07 times its price-to-book value, the exchange data showed.A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.91.Promoters held 51.9 per cent stake in the company as of 31-Dec-2023, while FIIs owned 14.24 per cent and DIIs 19.36 per cent. (You can now subscribe to our ETMarkets WhatsApp channel

Source: Economic Times February 01, 2024 06:12 UTC