GAIL shares gain 0.91% as Sensex falls
The stock quoted a 52-week high of Rs 233.0 and a 52-week low of Rs 106.1.
Shares of (India) Ltd. traded 0.91 per cent higher in Friday's session at 11:06AM (IST). The stock opened at Rs 218.8 and has touched an intraday high and low of Rs 221.85 and Rs 217.55, respectively, during the session so far.The stock quoted a 52-week high of Rs 233.0 and a 52-week low of 106.1. About 271,353 shares changed hands on the counter so far.
Benchmark Nifty50 was down 55.66 points at 24246.5, while the BSE traded 291.03 points lower at 79758.64 at the time of writing of this report.
In the pack, 32 stocks traded the day in the green, while 18 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 32992.84 crore, down 6.03 per cent from the previous quarter's Rs 35111.76 crore and down 2.25 per cent from the year-ago quarter. The company reported net profit of Rs 2468.71 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 168.66 on July 05, while the 50-DMA was at Rs 208.18. 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
