Share price of GAIL falls as Sensex drops 29.27 points
Share price of GAIL NSE -2.76 % (India) Ltd. dropped 0.9 per cent to Rs 131.85 at 02:05PM (IST) in Wednesday’s trade. The stock hit a high of Rs 133.2 and low of Rs 131.15 so far during the session. The stock had closed at Rs 133.05 in the previous session.
The counter had a total traded volume of 02:05PM shares so far with a turnover of Rs 3.69 crore on BSE. The stock traded at a price-to-earnings multiple of 6.23 and a price-to-book ratio of 1.13.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
