Shares of GAIL rise as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 137.5.
Shares of (India) Ltd. gained 1.32 per cent to Rs 176.25 in Tuesday's trade as of 10:15AM (IST). It hit a high of Rs 176.45 and low of Rs 172.1 during the session.The stock quoted a 52-week high price of Rs 196.35 and a low of Rs 102.1. The return on equity for the stock stood at 8.64 per cent. About 197,841 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.91.
The scrip has been an outperformer, up 70.29 per cent in the past one year in comparison with a 24.55 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 102.1 on March 26, while the 50-DMA was at Rs 176.47. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 51.52 per cent stake in (India) Ltd. as of 31-Dec-2023. Mutual funds and foreign institutional investors held 10.09 per cent and 14.14 per cent stake.
Source: Stocks-Markets-Economic Times
