This Maharatna PSU Stock‘s Ex-Bonus Date Is Approaching Fast: Key Points

GAIL (India) Ltd is one of the leading energy companies and the board of directors of the company recently announced bonus share in the ratio of 1:2. It implies shareholders will receive one bonus share for every two shares held. Now the ex-bonus date is approaching fast. The record date is September 7, 2022.

GAIL (India) Ltd. was incorporated in August, 1984 as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG), with the mission of "accelerating and optimizing the effective and economic use of Natural Gas and its fractions for the benefit of the national economy".

Check key takeaways below:

GAIL (India) Ltd To Trade Ex-Bonus Next Week

The board of directors in its BSE filing declared the record date, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this is to inform that the Company has fixed Wednesday, 7th September 2022 as the Record Date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1 :2 i.e., one new bonus equity share of Rs. I 0/- each for every two existing equity share of Rs. I 0/- each held subject to the approval of shareholders in the ensuing 38th Annual General Meeting of the company to be held on 26th August, 2022."

Therefore, the record date is September 7, 2022 and the stock will trade ex-bonus on September 6, 2022.

GAIL (India) Ltd Stock Outlook

The current market price of the stock is Rs 135.60 apiece with a decline of 0.59% in morning trade today.

GAIL (India) Ltd 52-Week High/Low

The stock's 52-week high is 173 apiece and 52-week low is 125 apiece.

GAIL (India) Ltd Return

The stock has given a negative return 7% in 1 year, positive return of 4% in 3 years, and once again a negative return of 6% in 5 years.

GAIL (India) Ltd Market Capitalization

The company has a market capitalization of Rs 59,438.90 crore at the time of writing the story.

GAIL (India) Ltd Q1 Result

GAIL Limited in August 2022 declared a net profit of Rs 2,915 crore, a surge of 90.5% year-on-year, for the quarter ended 30 June, 2022, largely on low-base effect. The natural gas explorer and producer had posted a net profit of Rs 1,529.92 crore in the year-ago period.

GAIL (India) Ltd About

Government of India now holds 51.45% shares of the company. GAIL became a Navratna in 1997 and is now one of the ten Maharatna Public Sector Undertaking, the highest status conferred to any PSU.

GAIL started as a Gas Transmission Company during the late eighties and has grown organically by setting up a large network of Natural Gas pipelines of ~ 14380 Km; two LPG Pipeline systems of ~ 2000 Km; five Gas Processing plants for production of LPG and other liquid hydrocarbons with a combined production capacity of around 1.4 MMTPA and a gas based integrated petrochemical plant of capacity 810 KTPA of polymer.