Gail Share Price: Board will likewise consider the announcement of break profit on the value portions of the organization for the monetary year 2020-21.
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GAIL share price contacted a 52-week high of Rs 142.25, rising 5 percent in the early exchange on January 12 after the organization will think about buyback of offers on January 15.
The gathering of the top managerial staff of the organization will be hung on January 15, 2021, to consider the proposition of buyback of the completely settled up value portions of the organization of presumptive worth of Rs 10 each.
Board will likewise consider the presentation of interval profit on the value portions of the organization for the monetary year 2020-21.
HDFC Securities Retail Research expects GAIL’s continuous pipeline tasks to upgrade its prevailing business sector position over the medium term. GAIL possesses 70% of India’s gas transmission organization, which is its steady, non-repetitive, and directed business. This is probably going to remain the key working pay supporter over the medium term, creating stable incomes.
Practical activities, experienced administration, appealing valuations, and sound financials are key points of interest offered by the stock separated from a good profit yield. The stock exchanges at 10.2x FY22E EPS, it added.
At 09:16 hrs GAIL India was citing at Rs 142.00, up to Rs 6.30, or 4.64 percent on the BSE.
Source- Money Control
