GAIL share price up 2.33 per cent
A total of 795,033 shares changed hands on the counter till 11:01AM (IST).
Shares of (India) Ltd. traded 2.33 per cent up at Rs 208.55 at around 11:01AM (IST) on Wednesday. The stock had closed at Rs 203.8 in the previous session. Equity benchmark traded 216.35 points higher at 74900.05 around the same time. The scrip has climbed 96.84 per cent in the last one year till date, while the 30-share index has gained 25.2 per cent during the same period.
The stock's 52-week high price stood at Rs 209.9 and the 52-week low price at Rs 102.95.
Trading volume on the counter stood at 795,033 shares, while it quoted a price-to-earnings ratio of 16.71, an EPS value of 12.27 and a price-to-book value of 1.07. In the Nifty50 pack, 29 stocks traded in the green, while 21 stocks were in the red.
Promoter/FII Holding
Promoters held 51.9 per cent stake in the company as of 31-Dec-2023, while overseas investor and MF ownership stood at 14.24 per cent and 10.16 per cent, respectively.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 35111.76 crore, up 5.79 per cent from the previous quarter's Rs 33191.03 crore and up 3.36 per cent from the year-ago quarter's Rs 36334.2 crore. The company reported net profit of Rs 3194.62 crore for the latest quarter.
Technical Indicators
The MACD signalled a bullish 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.
The stock's 52-week high price stood at Rs 209.9 and the 52-week low price at Rs 102.95.
Trading volume on the counter stood at 795,033 shares, while it quoted a price-to-earnings ratio of 16.71, an EPS value of 12.27 and a price-to-book value of 1.07. In the Nifty50 pack, 29 stocks traded in the green, while 21 stocks were in the red.
Promoter/FII Holding
Promoters held 51.9 per cent stake in the company as of 31-Dec-2023, while overseas investor and MF ownership stood at 14.24 per cent and 10.16 per cent, respectively.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 35111.76 crore, up 5.79 per cent from the previous quarter's Rs 33191.03 crore and up 3.36 per cent from the year-ago quarter's Rs 36334.2 crore. The company reported net profit of Rs 3194.62 crore for the latest quarter.
Technical Indicators
The MACD signalled a bullish 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.
Source: Stocks-Markets-Economic Times
