GAIL shares drop 0.73% as Sensex rises
GAIL (India) Ltd. traded 0.73 per cent down at Rs 140.85 at 12:58PM (IST) on Tuesday, even as BSE benchmark Sensex gained 351.62 points to 69216.74.
The scrip had closed at Rs 141.9 in the previous session.
The stock quoted a 52-week high price of Rs 145.05 and 52-week low of Rs 90.2, respectively. As per BSE data, total traded volume on the counter till 12:58PM (IST) stood at 1211254 shares with a turnover of Rs 17.14 crore.
At the current price, shares of the company traded at 17.42 times its trailing 12-month earnings per share of Rs 8.04 per share and 1.07 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 30-Sep-2023, while FIIs owned 14.65 per cent and DIIs 8.83 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 77.14. The RSI oscillates between zero and 100.
