GAIL (India) Limited, a Maharatna Public Sector Undertaking (PSU), has scheduled its Board meeting on Tuesday, November 5, 2024, to discuss and approve the company’s unaudited financial results for the second quarter and half-year ended September 30, 2024. The meeting will begin after market hours, at 3:15 p.m. as per usual practice. This information was disclosed in an exchange filing on October 29, 2024. The company has not yet announced any updates regarding dividend payouts.
About GAIL (India)
GAIL (India) Limited is a leading natural gas company in India, with interests spanning the entire natural gas value chain, including trading, transmission, LPG production, LNG re-gasification, petrochemicals, and city gas distribution. GAIL operates a vast network of around 16,240 km of natural gas pipelines across the country, holding a 66% market share in gas transmission and over 54% share in gas trading.
Share Price Overview
On the BSE, GAIL (India) shares opened at Rs 200.85 on Friday, hitting a high of Rs 202.30 and a low of Rs 198 during the trading day. The stock closed at Rs 200.20, marking a slight increase of 0.13% from its previous closing of Rs 199.95.
Stock Performance
Over the past month, GAIL shares have declined by approximately 16.48%. However, year-to-date, the stock has shown growth, increasing by 20.38%. Over a longer period, GAIL shares have performed well, with gains of 70% over one year, 119.16% over two years, and 122% over five years. The company currently has a market capitalization of Rs 1,31,633.49 crore on the BSE.
Insider Trading Window Closed
In compliance with SEBI regulations, GAIL’s trading window has been closed from October 1, 2024, and will remain so until November 7, 2024, for designated individuals and their immediate relatives as part of the company’s insider trading policy.
Investors and analysts will closely watch GAIL’s Q2 results for insights into its financial performance, particularly in light of fluctuating gas prices and demand within the energy sector.
