On Thursday, January 16, GAIL (India) Ltd will be the center of attention. The company just announced a big deal with SEFE Marketing & Trading Singapore Pte Ltd that settles their ongoing disagreements.
Here’s what you need to know:
– Settlement Amount: SEFE Marketing will pay GAIL $285 million.
– No More Court Drama: This deal means that both sides will stop their arguments in the London Court of International Arbitration.
GAIL also shared its earnings for the second quarter of the year, showing some ups and downs:
– Profit: GAIL earned Rs 2,672 crore this quarter, which is 11% more than last year.
– Revenue: The company’s earnings from sales rose 3.5% to Rs 32,931 crore.
– However, their gas marketing business did not do so well, with profits dropping by 26% to Rs 1,329 crore. The gas transmission business, on the other hand, did better, increasing profits by 8% to Rs 1,403 crore.
Target Price: Analysts predict GAIL’s stock could reach Rs 232, suggesting it might go up by 30% from where it is now.
Current Stock Performance: GAIL shares closed at Rs 178, up 1.2% on the stock market. While the stock has dropped 25% in the past six months, it has gained 85% over the last two years. The company’s total market value is Rs 1,17,036 crore.
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