GAIL (India) rose 0.52% to Rs 336.10 at 9:38 IST on BSE after net profit rose 17.7% to Rs 1284.86 crore on 11.9% increase in total income to Rs 12658.37 crore in Q3 December 2012 over Q3 December 2011.
The company announced Q3 results after market hours on Thursday, 14 February 2013.
Meanwhile, the BSE Sensex was down 34.57 points or 0.18% at 19,462.61.
On BSE, 16,000 shares were traded in the counter as against average daily volume of 70,632 shares in the past one quarter.
The stock hit a high of Rs 337.95 and a low of Rs 336.10 so far during the day. The stock had hit a 52-week high of Rs 401 on 16 February 2012. The stock had hit a 52-week low of Rs 303.10 on 18 May 2012.
The stock had underperformed the market over the past one month till 14 February 2013, sliding 9.62% compared with the Sensex's 2.06% fall. The scrip had also underperformed the market in past one quarter, declining 4.89% as against Sensex's 4.72% rise.
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The large-cap company has equity capital of Rs 1268.48 crore. Face value per share is Rs 10.
In terms of the decision of the Government of India to share the under recoveries on LPG, GAIL (India) has provided discount of Rs 700 crore for Q3 December 2012, which was higher than Rs 536.12 crore in Q3 December 2011. GAIL (India) also said it has adjusted Rs 85.67 crore towards excess provision for discount pertaining to Q2 September 2012.
Gail (India)'s board of directors at a meeting held on Thursday, 14 February 2013, approved payment of interim dividend of Rs 4 per share for the year ending 31 March 2013.
GAIL (India) is India's flagship gas transmission and marketing company with global footprints. The Government of India (GoI) holds 57.34% stake in GAIL (India) (as per the shareholding pattern as on 31 December 2012).
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