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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  GAIL India Limited    GAIL   INE129A01019

GAIL INDIA LIMITED

(GAIL)
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Indian shares close at record high on Reliance, HDFC boost

01/12/2021 | 05:44am EST
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

BENGALURU (Reuters) - Indian shares closed at another record high on Tuesday, driven by gains in heavyweights Reliance Industries and HDFC Bank as investors looked past a central bank report that warned of rising bad loans among the country's lenders.

The Nifty rose 0.54% to 14,563 and the benchmark Sensex rose 0.5% to 49,517.11.

Reliance Industries and HDFC Bank were the top boosts to the Nifty 50, rising 3.2% and 2%, respectively.

Late on Monday, the Financial Stability and Development Council said in a report that the gross non-performing assets of Indian banks might increase from 7.5% in September 2020 to 14.8% under a severe stress scenario.

"When markets are engulfed in this type of (buying) fever these kind of reports do not matter. It is all about liquidity and the fear of missing out," said Umesh Mehta, head of research at Samco Securities, Mumbai.

The Nifty bank index that fell nearly 1% in the morning session, ended up 1.1%, while the Nifty public sector bank index hit a more than 10-month high, surging 6%.

"With COVID-19 vaccination expected soon in India, markets are enjoying a bullish phase and anticipation of a fast recovery is helping the index rise further," said Rahul Sharma, head of research, Equity99 Advisors in Mumbai.

Shares of Gail (India) Ltd rose as much as 5.8% to a 15-month high of 143.5 rupees after the state-owned gas distribution firm said it would consider a proposal to buy back shares.

Tata Motors rose 7.7%, buoyed by a double-digit increase in China sales of its luxury car unit Jaguar Land Rover (JLR).

Indian investors now await retail inflation data due later in the day, with a Reuters poll predicting it fell sharply last month, landing within the Reserve Bank of India's target range.

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Vinay Dwivedi)

By Sethuraman N R


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
GAIL INDIA LIMITED 0.22% 134.05 Delayed Quote.8.76%
HDFC BANK LIMITED -2.12% 1443.55 End-of-day quote.0.50%
NIFTY 50 -1.50% 14371.9 Delayed Quote.4.35%
NIFTY BANK -1.10% 31167.25 Delayed Quote.2.95%
RELIANCE INDUSTRIES LTD -2.37% 2049.6 Delayed Quote.3.24%
SAMCO INC. -0.87% 3990 End-of-day quote.5.98%
SENSEX 30 -1.50% 48878.54 Real-time Quote.3.92%
TATA MOTORS LIMITED -0.36% 289.4 End-of-day quote.57.54%
All news about GAIL INDIA LIMITED
01/22Nomura Adjusts Gail's Price Target to 140 Indian Rupees From 85 Indian Rupees..
MT
01/17GAIL (INDIA) : Board Approves $143 Million Share Buyback Plan, Interim Dividend
MT
01/12Indian shares close at record high on Reliance, HDFC boost
RE
01/12Banks weigh on Indian shares after RBI warns of bad loan spike
RE
01/11GAIL (INDIA) : Board to Consider Share Buyback Proposal Friday
MT
01/06Sensex, Nifty end lower for first time in new year; Reliance drags
RE
01/06REFILE-Indian shares end lower for first time in new year; Reliance drags
RE
01/06GAIL (INDIA) : Inaugurates Kochi- Mangaluru Natural Gas Pipeline; Shares Gain 3%
MT
01/05GAIL INDIA : PM dedicates Kochi - Mangaluru Natural Gas Pipeline to the Nation
PU
01/05GAIL INDIA : India working on plan to develop coastal regions, says PM
RE
More news
Financials
Sales 2021 606 B 8 298 M 8 298 M
Net income 2021 40 258 M 552 M 552 M
Net Debt 2021 67 886 M 930 M 930 M
P/E ratio 2021 14,9x
Yield 2021 2,77%
Capitalization 605 B 8 284 M 8 285 M
EV / Sales 2021 1,11x
EV / Sales 2022 0,99x
Nbr of Employees 4 682
Free-Float 41,0%
Chart GAIL INDIA LIMITED
Duration : Period :
GAIL India Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends GAIL INDIA LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 134,05 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers and Directors
NameTitle
Manoj Jain Chairman & Managing Director
A K Tiwari Chief Financial Officer & Finance Director
Ashish Chatterjee Director
P. K. Gupta Director & Director-Human Resources
Mahesh V. Iyer Executive Director & Director-Business Development
Sector and Competitors
1st jan.Capitalization (M$)
GAIL INDIA LIMITED8.76%8 284
NATURGY ENERGY GROUP, S.A.1.69%22 553
CHINA GAS HOLDINGS LIMITED-4.06%19 868
ATMOS ENERGY CORPORATION-6.27%11 229
TOKYO GAS CO.,LTD.-3.59%9 766
APA GROUP-1.87%8 622