GAIL shares drop 2.03% as Sensex rises
The stock quoted a 52-week high of Rs 213.7 and a 52-week low of Rs 102.95.
Shares of (India) Ltd. traded 2.03 per cent lower in Thursday's session at 02:10PM (IST). The stock opened at Rs 209.25 and has touched an intraday high and low of Rs 210.2 and Rs 201.8, respectively, during the session so far.The stock quoted a 52-week high of Rs 213.7 and a 52-week low of 102.95. About 839,470 shares changed hands on the counter so far.
Benchmark Nifty50 was up 92.25 points at 22697.1, while the BSE traded 261.59 points higher at 74744.37 at the time of writing of this report.
In the pack, 33 stocks traded the day in the green, while 17 were in the red.
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. The company reported net profit of Rs 3194.62 crore for the latest quarter.
Promoter Holdings
Promoters held 51.9 per cent stake in the company as of 31-Mar-2024, while FIIs held 14.17 per cent and MFs 10.26 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 148.05 on May 02, while the 50-DMA was at Rs 188.9. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
