Share price of GAIL (India) Ltd. gained 0.42 per cent to Rs 96.1 at 12:40PM (IST) in Tuesday’s trade. The scrip hit a high of Rs 96.65 and low of Rs 94.0 so far during the session. The stock had closed at Rs 95.7 in the previous session.
The counter had a total traded volume of 12:40PM shares so far with a turnover of Rs 11.21 crore on BSE. The stock traded at a price-to-earnings multiple of 5.09 and a price-to-book ratio of 0.88.
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.
