GAIL shares fall 0.82% as Nifty drops
GAIL (India) Ltd. traded 0.82 per cent down at Rs 227.05 on Wednesday at around 12:07PM (IST), while the benchmark BSE Sensex declined 563.46 points to 79788.18.
As many as 398,977 shares changed hands on the counter with a total value of Rs 9.02 crore.
The stock quoted a 52-week high price of Rs 234.15 and a 52-week low of Rs 107.55.
On the technical charts, the 200-DMA of the stock stood at Rs 170.24, while 50-DMA was at Rs 209.44. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 116.55 per cent in the past one year, while Sensex has risen 27.41 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 15.07 and a price-to-book ratio of 1.55. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Gas Distribution industry.
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