Share price of GAIL NSE 0.31 % (India) Ltd. gained 1.63 per cent to Rs 128.0 at 11:11AM (IST) in Tuesday’s trade. The stock hit a high of Rs 128.5 and low of Rs 125.8 so far during the session. The stock had closed at Rs 125.95 in the previous session.
The counter had a total traded volume of 11:11AM shares so far with a turnover of Rs 2.41 crore on BSE. The stock traded at a price-to-earnings multiple of 6.05 and a price-to-book ratio of 1.13.
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.
