GAIL (India) Ltd., an energy firm with a market value of 58,145.80 Crore, is a large cap business. The biggest natural gas company in India is GAIL (India) Limited, which has a Maharatna classification. Its operations include a wide range of industries along the natural gas value chain, including trading, transmission, LPG production and transmission, LNG re-gasification, petrochemicals, city gas, exploration and production, and others. The company’s board of directors declared the record date for evaluating whether stockholders are eligible for the bonus share issue in a 1:2 ratio.
According to a regulatory filing made today by the Board of Directors, “this is to inform that the company has fixed Wednesday, September 7, 2022, as the Record Date to ascertain the eligibility of shareholders for issuance of bonus shares in the ratio of 1:2, i.e. one new bonus equity share of Rs. 10/- each for every two existing equity share of Rs. 10/- .
Today’s closing price for GAIL (India) Limited shares was 132.75, up 0.49per cent from yesterday’s close of 132.10 per share. 9,196,890 shares were traded today, fewer than the 20,023,543 share 20-Day Average Trade Volume. A multibagger return and an all-time high of 989.01per cent were achieved when the stock price increased from Rs. 12.19 on July 6, 2001, to the current level. In the last five years, the stock has lost 7.85per cent of its value, while the Sensex has increased by 84.29per cent. The stock has decreased 6.94per cent over the past year, while the Sensex has increased 5.05per cent.