This Maharatna Company To Hold Meeting Today For Bonus Share Issue Proposal

GAIL (India) Limited is India's leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, petrochemicals, city gas, E&P, etc. It owns and operates a network of around 14,488 km of natural gas pipelines spread across the length and breadth of country.

Meanwhile, the board of directors of GAIL India Ltd are expected to hold a meeting today regarding considering issue of bonus share. Check details below:

1. GAIL India Board to hold meeting to consider bonus share issue

The board of directors of GAIL India Ltd in their BSE filing stated, "Dear Sir/Madam, This is to inform that a meeting of the Board of Directors of GAIL (India) Limited is scheduled on Wednesday, 27th July 2022 to, inter-alia, consider issuance of Bonus Shares by the Company. Further, in continuation to our letter of even no. ND/GAIL/SECTT/2022 dated 28th June, 2022 (attached), it is again informed that the Trading Window for dealing in securities of GAIL was closed for Designated Persons and their Immediate Relatives w.e.f. 1st July, 2022 and shall remain closed till 48 hours after the conclusion of the Board Meeting wherein the financial results for the quarter ended 30th June 2022 would be considered and approved. This is in compliance of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015."

Therefore, the announcement of bonus share is expected anytime today.

2. GAIL India Stock Outlook

The current market price of the stock is Rs 145.70 apiece with a 52-week high of Rs 173.45 apiece and 52-week low of Rs 125.20 apiece. The market capitalization at the time of writing the story stands at 63,822 crore. The TTM PE is 5.21 and sector PE is 4.56. The TTM EPS is 27.96. It is a company with strong financials.

3. GAIL India Dividend History

The company has been maintaining a good dividend history and consistently declared dividend in the past 5 years. The company has declared an equity dividend of 100% or RS 10 per share for the year ending March 2022. It has a dividend yield of 6.86% if the current market price of Rs 145 is taken into consideration.

4. About GAIL India Ltd

GAIL is working concurrently on execution of multiple pipeline projects to further enhance the spread. GAIL commands approximately 70% market share in gas transmission and has a Gas trading share of over approximately 50% in India. GAIL and its Subsidiaries / JVs also have a formidable market share in City Gas Distribution. In the Liquefied Natural Gas (LNG) market, GAIL has significantly large portfolio. GAIL is also expanding its presence in renewable energy like Solar, Wind and Biofuel.