GAIL Board sets record date for final dividend; Details investors should know

GAIL Final Dividend: Government of India Maharatna, GAIL has announced a record date for its Final Dividend. “We would like to inform that for the purpose of payment of final dividend @ 10 per cent (Rs 1 per equity share) on the paid-up equity share capital of the company, as approved by the shareholders in the above AGM”, the board of the company said in the BSE filing. Record date” will be Tuesday, 2nd August, 2022. This is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

With a market valuation of Rs 63,164.79 Crore, GAIL (India) Limited is a Large Cap Company dealing in Gas & Petroleum Industry. The company is also India’s leading natural gas company. In India, GAIL controls over 70 per cent of the market for gas transmission and over 50 per cent of the market for gas marketing.

GAIL’s stock closed at Rs 144 on Monday, up 2.53 per cent from its previous Rs 140.45 per share on the NSE. The stock is down 0.24 per cent over the past year, but on a year-on-year basis, has gained 9.55 per cent so far in 2022. The stock has climbed 9.80 per cent in the past month but has fallen by 2.67 per cent in the past six months. On NSE, GAIL shares had touched a 52-week high of Rs 173.5 on April 19, 2022 and a 52-week low of Rs 125.20 on December 20, 2021, indicating that the stock at the current market price was Rs 52. -Trade down 17 percent from the week’s high and 15.01 percent above the 52-week low. Based on the previous trading price, the stock is trading higher than the 5-day and 20-day moving averages but below the 50-day, 100-day and 200-day moving averages.

As per BSE data, the stock traded at a price-to-earnings multiple of 5.11 and a price-to-book ratio of 1.08. A high P/E ratio indicates that investors are willing to pay a higher price due to better future growth expectations. Value-to-book value indicates a company’s inherent value and is a measure of the price that investors are willing to pay even if there is no growth in the business.

financial situation

The company reported consolidated net sales of Rs 27657.93 crore for the quarter ended 31-March-2022, up 4.11 per cent from Rs 26566.52 crore in the previous quarter and 70.88 per cent up from Rs 16185.41 crore in the year-ago quarter.

The net profit for the latest quarter stood at Rs 3454.24 crore, a growth of 38.91 per cent over the corresponding quarter of the previous year.

ICICI Direct has a buy call on GAIL (India) stock with a target price of Rs 180. GAIL (India) Ltd. , The current market price of Rs.138.65 is Rs. The time period given by the analyst is one year when GAIL (India) Ltd. price can reach its target.

Recently, 166 Compressed Natural Gas (CNG) stations were dedicated for community service by Shri Hardeep Singh Puri, Minister of Petroleum and Natural Gas, Housing and Urban Affairs. These CNG stations were constructed by GAIL (India) Limited and its group’s nine City Gas Distribution (CGD) firms in 41 geographies across 14 states of the country.

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