GAIL (India) Ltd (GAIL.BO)
|Market Cap (Mil.):||Rs549,250.69|
|Shares Outstanding (Mil.):||1,268.48|
NEW DELHI - Fourteen people were killed and 20 injured on Friday in a blast and fire at a gas pipeline in Andhra Pradesh, again raising safety concerns over the country's energy projects.
Reuters Market Eye - Investors are looking to switch to oil explorer Cairn India from gas utility company GAIL (India) Ltd due to the difference in valuation and rising conflict in Iraq, dealers say.
* Investors are looking to switch to oil explorer Cairn India from gas utility company GAIL (India) Ltd due to the difference in valuation and rising conflict in Iraq, dealers say. * GAIL is currently trading at 11 times of its FY16 earnings while Cairn India is trading at seven times, Thomson Reuters data shows. * "One can make a switch to Cairn as short-term firmness in crude oil prices and depreciating rupee are sentimental booster for the stock," said G. Chokkalingam, founder of Equinomics
MUMBAI, May 27 - Shares in GAIL (India) Ltd fell 2 percent in pre-open trading on Tuesday after its January-March net profit rose by 57 percent to 9.72 billion rupees ($165.36 million), missing some analyst estimates.
NEW DELHI - Gas firm GAIL (India) Ltd aims to sign more deals with the United States for sourcing liquefied natural gas (LNG) as it hopes to lock-in customers for existing contracts by the end of July, company officials said on Monday.
* Shell eyes stake in planned South India terminal (Recasts, add details)