Shares of GAIL fall as Nifty drops
GAIL (India) Ltd. slipped 1.06 per cent to Rs 162.1 in Wednesday's trade as of 01:33PM (IST). It hit a high of Rs 164.35 and low of Rs 160.8 during the session.
The stock quoted a 52-week high price of Rs 164.35 and a low of Rs 91.0. The return on equity for the stock stood at 8.64 per cent. About 851,070 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.91.
The scrip has been an outperformer, up 67.55 per cent in the past one year in comparison with a 16.94 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 91.0 on January 03, while the 50-DMA was at Rs 134.58.
If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 51.52 per cent stake in GAIL (India) Ltd.
