Share price of GAIL (India) Ltd. dropped 0.79 per cent to Rs 88.3 at 02:05PM (IST) in Thursday’s trade. The stock hit a high of Rs 89.0 and low of Rs 87.15 so far during the session. The stock had closed at Rs 89.0 in the previous session.
The counter had a total traded volume of 02:05PM shares so far with a turnover of Rs 7.04 crore on BSE. The stock traded at a price-to-earnings multiple of 4.34 and a price-to-book ratio of 1.08.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
