GAIL stock price down 0.37 per cent as Sensex slides

GAIL stock price down 0.37 per cent as Sensex slides
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Synopsis

As of 30-Jun-2022, promoters held 51.52 per cent stake in the company, while FIIs held 19.91 per cent and domestic institutional investors had 7.03 per cent.

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Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
Shares of GAIL (India) Ltd. fell 0.37 per cent to Rs 93.3 at 12:33PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 229,819 shares with a turnover of Rs 2.14 crore till 12:33PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 5.2, while the price-to-book value ratio stood at 1.08.

Return on equity (ROE) was at 19.11 per cent, according to exchange data. The stock hit an intraday high of Rs 94.15 and a low of Rs 93.1 during the session and quoted a 52-week high price of Rs 115.63 and a 52-week low of Rs 83.0.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 94.93 on December 02, while the 50-DMA was at Rs 88.72. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 60.07. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2022, promoters held 51.89 per cent stake in the company, while FIIs held 19.92 per cent and domestic institutional investors had 15.29 per cent.
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