GAIL Stock Price: GAIL shares drop 0.61% as Sensex falls

Shares of (India) Ltd. traded 0.61 per cent lower in Thursday’s session at 11:02AM (IST). The stock opened at Rs 134.5 and has touched an intraday high and low of Rs 141.55 and Rs 134.5, respectively, during the session so far.

The stock quoted a 52-week high of Rs 157.95 and a 52-week low of 78.75. About 188,923 shares changed hands on the counter so far.

Benchmark Nifty50 was down 118.15 points at 14386.65, while the BSE Sensex traded 404.45 points lower at 48139.61 at the time of writing of this report.

In the Nifty pack, 10 stocks traded the day in the green, while 39 were in the red.

Key Financials

For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 15882.82 crore, up 12.71 per cent from the previous quarter’s Rs 14091.23 crore and up 12.15 per cent from the year-ago quarter. The company reported net profit of Rs 1883.61 crore for the latest quarter.


Promoter Holdings

Promoters held 52.12 per cent stake in the company as of 31-Dec-2020, while FIIs held 15.62 per cent and MFs 9.86 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 111.97 on April 15, while the 50-DMA was at Rs 138.41. 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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