Wednesday, 8 March 2017


State-run gas and petroleum major, Gail India Limited hit a fresh 52-week high on Wednesday as the stock is expected to turn ex-bonus in the decided ratio of 1:3 on Thursday.

At the time of filing this report, Gail is trading at Rs 534, up by close to 2% on Bombay Stock Exchange. The company had earlier decided March 11 as its record date for the purpose of allotment of its bonus shares.

Gail which is governed by the Ministry of Petroleum, Oil and Natural Gas, Government of India has a countrywide pipeline network and constantly spreading its tentacles across the length and breadth of the country.

It may be added here that on January 25 this year, the Board of Directors of the company had decided to go with the bonus issue, issuing one bonus share of Rs 10 for existing three equity shares of Rs 10 each fully paid up.

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