Shares of GAIL rise as Nifty gains

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Shares of GAIL  rise  as Nifty  gains


Shares of (India) Ltd. gained 4.57 per cent to Rs 140.7 in Wednesday’s trade as of 10:00AM (IST). It hit a high of Rs 140.95 and low of Rs 136.2 during the session.

The stock quoted a 52-week high price of Rs 157.95 and a low of Rs 78.75. The return on equity for the stock stood at 19.12 per cent. About 547,991 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.91.

The scrip has been an underperformer, up 66.51 per cent in the past one year in comparison with a 79.34 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 78.75 on April 07, while the 50-DMA was at Rs 137.69. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 51.76 per cent stake in GAIL (India) Ltd. as of 31-Dec-2020. Mutual funds and foreign institutional investors held 9.79 per cent and 15.51 per cent stake.



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