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Gail (India) moves up on reporting 87% rise in Q2 consolidated net profit

GAIL (India) is currently trading at Rs. 120.25, up by 0.70 points or 0.59% from its previous closing of Rs. 119.55 on the BSE.

The scrip opened at Rs. 120.65 and has touched a high and low of Rs. 121.50 and Rs. 119.65 respectively. So far 336341 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 132.45 on 17-Oct-2023 and a 52 week low of Rs. 87.90 on 14-Nov-2022.

Last one week high and low of the scrip stood at Rs. 121.50 and Rs. 116.20 respectively. The current market cap of the company is Rs. 78605.32 Crore.

The promoters holding in the company stood at 51.91%, while Institutions and Non-Institutions held 41.80% and 6.30% respectively.

Gail (India) has reported 56.46% rise in its Net Profit at Rs 2404.89 crore for Q2FY24 as compared to Rs 1537.07 crore for the same quarter in the previous year. However, total income of the company decreased by 17.58% at Rs 32383.56 crore for Q2FY24 as compared Rs 39289.73 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 87.20% rise in its net profit at Rs 2442.18 crore for the quarter under review as compared to Rs 1304.61 crore for the same quarter in the previous year. However, total income of the company decreased by 14.66% at Rs 33255.02 crore for Q2FY24 as compared Rs 38969.88 crore for the corresponding quarter previous year.



This post first appeared on Udaipur Kiran, please read the originial post: here

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Gail (India) moves up on reporting 87% rise in Q2 consolidated net profit

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