Share price of GAIL falls as Nifty weakens

Share price of GAIL falls as Nifty weakens
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Synopsis

A total of 158,216 shares changed hands on the counter till 11:46AM (IST).

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RSI has turned north from the 60 level, confirming bullishness.
Shares of GAIL (India) Ltd. slipped 2.96 per cent to Rs 159.2 in Monday's trade as of 11:46AM (IST).

The stock hit a high price of Rs 162.9 and low of Rs 158.95 during the session.

The return on equity (ROE) for the stock stood at 11.53 per cent. Traded volume on the counter stood at 11:46AM shares and turnover at Rs 2.54 crore around that time.

The stock of GAIL (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 173.45 and Rs 125.2, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.91.

Promotor/FII Holding
Promoters held 51.8 per cent stake in the company as of 31-Mar-2022, while FIIs held 19.62 per cent and domestic institutional investors had 15.9 per cent.

Key Financials
The company reported consolidated sales of Rs 26566.52 crore for the quarter ended 31-Dec-2021, up 20.45 per cent from previous quarter's Rs 22056.21 crore and up 67.27 per cent from the year-ago quarter's Rs 15882.82 crore.

Net profit after tax for the latest quarter stood at Rs 3780.78 crore, up 100.72 per cent from the same quarter a year ago.

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