GAIL shares gain 0.09% as Sensex rises

Shares of GAIL (India) Ltd. traded 0.09 per cent higher in Friday's session at 12:48PM (IST). The stock opened at Rs 162.3 and has touched an intraday high and low of Rs 162.7 and Rs 160.15, respectively, during the session so far.

The stock quoted a 52-week high of Rs 171.35 and a 52-week low of 125.2. About 388,495 shares changed hands on the counter so far.

Benchmark Nifty50 was up 100.0 points at 17739.55, while the BSE Sensex traded 269.14 points higher at 59304.09 at the time of writing of this report.

In the Nifty pack, 38 stocks traded the day in the green, while 12 were in the red.


Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 26566.52 crore, up 20.45 per cent from the previous quarter's Rs 22056.21 crore and up 67.27 per cent from the year-ago quarter. The company reported net profit of Rs 3780.78 crore for the latest quarter.

Promoter Holdings
Promoters held 51.8 per cent stake in the company as of 31-Dec-2021, while FIIs held 19.69 per cent and MFs 7.92 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 145.91 on April 08, while the 50-DMA was at Rs 148.0. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.