Friday , November 22 2019
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GAIL trades higher on the bourses

GAIL (India) is currently trading at Rs. 127.40, up by 1.55 points or 1.23% from its previous closing of Rs. 125.85 on the BSE.

The scrip opened at Rs. 126.50 and has touched a high and low of Rs. 128.60 and Rs. 125.60 respectively. So far 98011 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 190.98 on 06-Nov-2018 and a 52 week low of Rs. 119.65 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 133.00 and Rs. 123.65 respectively. The current market cap of the company is Rs. 56872.89 crore.

The promoters holding in the company stood at 52.68%, while Institutions and Non-Institutions held 43.39% and 3.93% respectively.

The Khadi and Village Industries Commission (KVIC) has bagged an order worth Rs 5.88 crore from GAIL India, in the form of Khadi gift coupons for its 23,504 employees. GAIL agreed to gift Khadi coupons of Rs 2,500 to each of its 23,504 employees in all its units across the nation. The employees, however, would be able to purchase Khadi and products of Village Industries worth Rs 3,250 from the coupon of Rs 2,500. The coupons could be redeemed throughout the year at all Departmental Sales Outlets of KVIC.

To give easy access to the employees of GAIL to redeem their coupons, KVIC will organize 3 special exhibitions also, at Pata, District Etawah, Vijaypur, District Guna and Jhabua, in Madhya Pradesh where the GAIL have their maximum employees. The MOU has been signed between KVIC and GAIL on October 10, 2019.

GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.