GAIL Share Worth: Shares of GAIL fall as Nifty drops

Shares of GAIL (India) Ltd. slipped 0.79 per cent to Rs 125.2 in Monday’s commerce as of 12:43PM (IST). It hit a excessive of Rs 126.5 and low of Rs 124.7 in the course of the session.

The inventory quoted a 52-week excessive value of Rs 132.45 and a low of Rs 89.5. The return on fairness for the inventory stood at 8.64 per cent. About 252,696 shares have modified arms on the counter to this point.

The inventory’s beta worth, which measures its volatility in relation to the broader market, stood at 0.91.

The scrip has been an outperformer, up 38.65 per cent previously one yr as compared with a 6.43 per cent achieve in Sensex.

Technicals
On the technical charts, the 200-day shifting common (DMA) of the inventory stood at Rs 89.5 on November 20, whereas the 50-DMA was at Rs 124.06. If a inventory trades effectively above 50-DMA and 200-DMA, it often means the speedy pattern is upward. However, if the inventory trades effectively beneath 50-DMA and 200-DMA each, it’s thought-about a bearish pattern and if trades between these averages, then it suggests the inventory can go both manner.

Promoter/FII Holding
Promoters held 51.52 per cent stake in GAIL (India) Ltd. as of 30-Sep-2023. Mutual funds and overseas institutional traders held 8.83 per cent and 14.65 per cent stake.

(What’s shifting Sensex and Nifty Observe newest market information, inventory ideas and skilled recommendation on ETMarkets. Additionally, ETMarkets.com is now on Telegram. For quickest information alerts on monetary markets, funding methods and shares alerts, subscribe to our Telegram feeds.)

Obtain The Financial Occasions Information App to get Every day Market Updates & Stay Enterprise Information.

Prime Trending Shares: Sensex In the present day Stay, SBI Share Worth, Axis Financial institution Share Worth, HDFC Financial institution Share Worth, Infosys Share Worth, Wipro Share Worth, NTPC Share Worth