Gail can touch Rs 500, says Regan F Homavazir of Darashaw.
Homavazir told CNBC-TV18, "We are looking at GAIL. We are looking at GAIL reaching Rs 500 at some point. But it is not showing any signs of moving up very quickly. It is at a support, it is at a place where it should be looked at."
At 13:10 hrs GAIL India was quoting at Rs 369.15, down Rs 1.65, or 0.44%. It has touched an intraday high of Rs 373.70 and an intraday low of Rs 367.
The share touched its 52-week high Rs 401 and 52-week low Rs 303.10 on 16 February, 2012 and 18 May, 2012, respectively. Currently, it is trading 7.94% below its 52-week high and 21.79% above its 52-week low. Market capitalisation stands at Rs 46,825.84 crore.
The company's trailing 12-month (TTM) EPS was at Rs 28.80 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 12.82. The latest book value of the company is Rs 170.48 per share. At current value, the price-to-book value of the company was 2.17. The dividend yield of the company was 2.36%.
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