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    GAIL shares decline 0.24% as Sensex climbs

    Synopsis

    A total of 147,175 shares changed hands on the counter till 01:05PM (IST)

    NiftyGetty Images
    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    Shares of the GAIL (India) Ltd. traded at Rs 104.3 on BSE at 01:05PM (IST) on Monday, down 0.24 per cent from previous close.

    The stock quoted a 52-week low price of Rs 83.0 and a high of Rs 113.95.

    Earlier, the stock saw a gap up opening in the morning.

    A total of 147,175 lakh shares changed hands on the counter till 01:05PM (IST).

    The stock of GAIL (India) Ltd. commands a market value of Rs 68611.16 crore.

    The stock traded at a price-to-earning (P/E) multiple of 12.22, while the price-to-book value ratio stood at 1.07. Return on equity (ROE) was at 8.64 per cent, according to exchange data.

    In the BSE500 pack, 308 stocks traded in the green, while 193 stocks were in the red.

    Promotor Holding
    Promoters held 51.91 per cent in the GAIL (India) Ltd. as of 31-Mar-2023 while foreign and domestic institutional investors owned 16.4 per cent and 17.92 per cent, respectively.
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