GAIL shares up 1.04% as Sensex rises
GAIL (India) Ltd. gained 1.04 per cent to Rs 233.0 in Monday's session as of 11:47AM (IST) even as the equity benchmark Sensex traded 565.39 points higher at 81898.11.
Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 239.2 and a 52-week low of Rs 111.5 on NSE. Around 222593 shares changed hands on the counter till 11:47AM (IST).
The stock opened at Rs 231.3 and has touched an intraday high and low of Rs 234.05 and Rs 230.8 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 15.48, earnings per share (EPS) of Rs 15.06 and price to book value (PB) of 1.55, while the return on equity (ROE) stood at Rs 12.85.
Promoter/ FII Holding
The promoters held 51.92 per cent stake in the company as of July 29, while FII and MF ownerships stood at 15.2 per cent and 9.33 per cent, respectively.
Key Financials With a market capitalisation of Rs 153199.82 crore, the company operates in the Gas Distribution industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 32992.84 crore, down 6.03 per cent from the previous quarter?s Rs 35111.76 crore and down 2.25 per cent from the same quarter a year ago. The company reported net profit of Rs 2468.71 crore for the latest quarter, up 289.28 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 59.9. The RSI oscillates between zero and 100. Traditionally, it is considered overbought
