GAIL trades higher on the BSE


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GAIL is currently trading at Rs. 333.00, up by 4.15 points or 1.26% from its previous closing of Rs. 328.85 on the BSE.

The scrip opened at Rs. 329.15 and has touched a high and low of Rs. 334.60 and Rs. 322.00 respectively. So far 72,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 396.00 on 05-Oct-2012 and a 52 week low of Rs. 273.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 331.95 and Rs. 307.00 respectively. The current market cap of the company is Rs. 42,240 crore.

The promoters holding in the company stood at 57.34% while Institutions and Non-Institutions held 38.59% and 2.88% respectively.

GAIL India, state-run gas utility firm is planning to enter into contract with a Pakistani firm to export natural gas through a pipeline from Punjab. It is likely to import gas in its liquid form, called liquefied natural gas (LNG), on a port in Gujarat or Maharashtra and after processing this again into gaseous state, it will transport the gas through cross-country pipeline network to Jalandhar. The company will transfer the gas from Jalandhar a 110-km line, which is proposed to be laid to international border near Atari for delivery to Pakistan.

The company has reported 28.72% fall in its net profit at Rs 808.17 crore for first quarter ended June 30, 2013 as compared to Rs 1133.78 crore for the same quarter in the previous year. However, total income from operations of the company has increased by 15.98% at Rs 12899.80 crore for quarter under review as compared to Rs 11122.35 crore for the quarter ended June 30, 2012.

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