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Shares of GAIL (India) Ltd. rose 0.56 per cent to Rs 152.8 at 10:15AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 37,002 shares with a turnover of Rs 0.57 crore till 10:15AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 6.01, while the price-to-book value ratio stood at 1.13.

Return on equity (ROE) was at 11.53 per cent, according to exchange data. The stock hit an intraday high of Rs 154.05 and a low of Rs 152.0 during the session and quoted a 52-week high price of Rs 173.45 and a 52-week low of Rs 125.2.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 147.55 on May 25, while the 50-DMA was at Rs 156.04. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 46.1. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2022, promoters held 51.8 per cent stake in the company, while overseas investors held 19.62 per cent and domestic institutional investors had 15.9 per cent.


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