GAIL India share price jumped over 3 percent intraday on June

The stock price has jumped almost 30 percent in the last 3 months and was quoting at Rs 101.00, up Rs 1.75, or 1.76 percent at 14:13 hrs. It has touched an intraday high of Rs 104.25 and an intraday low of Rs 98.55. It was trading with volumes of 1,871,408 shares, compared to its five day average of 1,309,784 shares, an increase of 42.88 percent.

 

Profit during the quarter increased to Rs 3,018.2 crore, from Rs 1,122.23 crore in same period last year However, revenue from operations in Q4 fell 5.4 percent to Rs 17,753.12 crore compared to year-ago, impacted by nationwide lockdown for more than a week towards end of March 2020.

 

Its operating performance was very strong as earnings before interest, tax, depreciation and amortisation (EBITDA) for the March quarter surged 47 percent to Rs 2,475.36 crore and margin expanded 497 basis points to 13.94 percent YoY.