Shares of GAIL rise as Nifty gains

economictimes.indiatimes.com:

GAIL (India) Ltd. gained 2.25 per cent to Rs 217.6 in Wednesday's trade as of 10:15AM (IST). It hit a high of Rs 220.2 and low of Rs 214.5 during the session.
The stock quoted a 52-week high price of Rs 233.0 and a low of Rs 103.2. The return on equity for the stock stood at 12.85 per cent. About 660,496 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 107.53 per cent in the past one year in comparison with a 22.84 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 103.2 on June 12, while the 50-DMA was at Rs 201.52. 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. as of 31-Mar-2024. Mutual funds and foreign institutional investors held 10.18 per cent and 14.07 per cent stake.