GAIL hits 52-week high ahead of record date for share buyback

The Company has fixed Friday, April 22, 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of equity shares

Shares of GAIL (India) hit a 52-week high of Rs 173.45, up 3 per cent on the BSE in Tuesday's intra-day trade, ahead of ex-date for share buyback on Thursday, April 21, 2022.

The stock of state-owned gas transmission and marketing company surpassed its previous high of Rs 171.35 touched on October 6, 2021. In the past one month, it has outperformed the market by surging 15 per cent, as compared to 1 per cent decline in the S&P BSE Sensex.

The board of directors of GAIL (India) on March 31, 2022 had approved a buyback of 57