The Tamil Nadu government has asked the Centre to rescind the notification on GAIL gas pipeline passing through the state.
Gail India Ltd will announce its financial results today. IIFL forecasts the company’s net revenue for Q3 FY16 to tumble to Rs. 14,080 crore, at a rate of 5.9% yoy and 0.6% qoq.IIFL expects net profit to plummet to Rs. 437.6 crore at 27.6% yoy and 0.7% qoq.
The scrip opened at Rs. 342 and touched a high and low of Rs. 355.25 and Rs. 336.65 respectively. A total of 1877052(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 43572.29 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 429.15 on 12-Feb-2015 and a 52 week low of Rs. 260.25 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 368.3 and Rs. 336.65 respectively.
The promoters holding in the company stood at 56.11 % while Institutions and Non-Institutions held 40.31 % and 2.47 % respectively.
The stock traded above its 50 DMA.
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