GAIL shares gain 1.05% as Sensex rises
GAIL (India) Ltd. traded 1.05 per cent higher in Wednesday's session at 10:25AM (IST).
The stock opened at Rs 109.2 and has touched an intraday high and low of Rs 111.15 and Rs 109.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 113.95 and a 52-week low of 83.0.
About 155,081 shares changed hands on the counter so far. Benchmark Nifty50 was down 6.55 points at 19432.85, while the BSE Sensex traded 2.95 points higher at 65620.79 at the time of writing of this report.
In the Nifty pack, 21 stocks traded the day in the green, while 29 were in the red.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 33753.23 crore, down 7.1 per cent from the previous quarter's Rs 36334.2 crore and down 22.04 per cent from the year-ago quarter. The company reported net profit of Rs 634.18 crore for the latest quarter.Promoter Holdings Promoters held 51.91 per cent stake in the company as of 30-Jun-2023, while FIIs held 16.09 per cent and MFs 8.32 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 99.28 on July 12, while the 50-DMA was at Rs 107.0.
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.
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