GAIL Share Price: Share price of GAIL as Sensex drops 537.9 points
The share price of GAIL (India) Ltd. 1.85 per cent to Rs 190.45 at 12:41PM (IST) in Wednesday’s trade. The scrip has hit a high of Rs 194.70 and low of Rs 189.85 so far during the session. The stock had closed at Rs 194.05 in the previous session.
The counter has had a total traded volume of 315400 shares so far with a value of Rs 6.04 crore on the NSE. It traded at a price-to-earnings multiple of 10.88 and a price-to-book ratio of 1.55.
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.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the…
