GAIL shares drop 0.72% as Sensex rises
GAIL (India) Ltd. traded 0.72 per cent down at Rs 220.0 at 01:55PM (IST) on Wednesday, even as BSE benchmark Sensex gained 535.18 points to 79976.63.
The scrip had closed at Rs 221.6 in the previous session. The stock quoted a 52-week high price of Rs 233.0 and 52-week low of Rs 104.7, respectively. As per BSE data, total traded volume on the counter till 01:55PM (IST) stood at 220556 shares with a turnover of Rs 4.88 crore.
At the current price, shares of the company traded at 14.64 times its trailing 12-month earnings per share of Rs 15.06 per share and 1.55 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.91.
Shareholding Details
Promoters held 51.52 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.07 per cent and DIIs 10.18 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 56.89. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way
