GAIL share price down 0.1 per cent

Shares of GAIL (India) Ltd. traded 0.1 per cent up at Rs 103.4 at around 01:12PM (IST) on Monday. The stock had closed at Rs 103.5 in the previous session. Equity benchmark Sensex traded 260.28 points higher at 57787.38 around the same time.


The scrip has climbed 5.05 per cent in the last one year till date, while the 30-share index has -0.13 per cent during the same period.

The stock's 52-week high price stood at Rs 115.63 and the 52-week low price at Rs 83.0.

Trading volume on the counter stood at 501,056 shares, while it quoted a price-to-earnings ratio of 8.07, an EPS value of 12.83 and a price-to-book value of 1.08. In the Nifty50 pack, 36 stocks traded in the green, while 14 stocks were in the red.

Promoter/FII Holding
Promoters held 51.91 per cent stake in the company as of 31-Dec-2022, while foreign institutional investors and mutual funds' ownership stood at 18.04 per cent and 7.68 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 36334.2 crore, down 6.65 per cent from the previous quarter's Rs 38921.38 crore and down 36.77 per cent from the year-ago quarter's Rs 26566.52 crore. The company reported net profit of Rs 413.76 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.