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GAIL (India) Ltd extends upmove

GAIL (India) Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 94.1, up 1.89% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 3.2% on the day, quoting at 9886.95. The Sensex is at 33565.8, up 3.52%. GAIL (India) Ltd has risen around 0.64% in last one month.

Meanwhile, Nifty Energy index of which GAIL (India) Ltd is a constituent, has risen around 5.67% in last one month and is currently quoting at 13060.5, up 2.97% on the day. The volume in the stock stood at 69.14 lakh shares today, compared to the daily average of 134.57 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 94.5, up 2.77% on the day. GAIL (India) Ltd is down 47.35% in last one year as compared to a 18.21% drop in NIFTY and a 19.76% drop in the Nifty Energy index.

The PE of the stock is 8.25 based on TTM earnings ending December 19.