Share price of GAIL rises as Nifty strengthens
GAIL (India) Ltd. gained 0.36 per cent to Rs 124.7 in Thursday's trade as of 12:28PM (IST). The stock hit a high price of Rs 125.5 and low of Rs 123.6 during the session.
The return on equity (ROE) for the stock stood at 8.64 per cent.
Traded volume on the counter stood at 12:28PM shares and turnover at Rs 591.0 crore around that time. The stock of GAIL (India) Ltd. quoted a 52-week high price of Rs 129.5 and 52-week low prices of Rs 83.0, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.91.
Promotor/FII Holding Promoters held 51.52 per cent stake in the company as of 30-Jun-2023, while foreign investors held 15.97 per cent and domestic institutional investors had 8.26 per cent.
Key Financials The company reported consolidated sales of Rs 33000.79 crore for the quarter ended 30-Jun-2023, down 2.23 per cent from previous quarter's Rs 33753.23 crore and down 13.13 per cent from the year-ago quarter's Rs 37987.96 crore.
Net profit after tax for the latest quarter stood at Rs 1791.85 crore, down 44.92 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
