gail share price: GAIL share price down 1.28 per cent

Shares of (India) Ltd. traded 1.28 per cent up at Rs 158.45 at around 12:56PM (IST) on Wednesday. The stock had closed at Rs 160.5 in the previous session. Equity benchmark Sensex traded 374.24 points lower at 51560.64 around the same time.

The scrip has climbed 63.94 per cent in the last one year till date, while the 30-share index has gained 68.1 per cent during the same period.

The stock’s 52-week high price stood at Rs 165.7 and the 52-week low price at Rs 81.25.

Trading volume on the counter stood at 828,769 shares, while it quoted a price-to-earnings ratio of 8.42, an EPS value of 18.87 and a price-to-book value of 0.7. In the Nifty50 pack, 20 stocks traded in the green, while 29 stocks were in the red.

Promoter/FII Holding
Promoters held 51.82 per cent stake in the company as of 31-Mar-2021, while FII and MF ownership stood at 15.63 per cent and 8.52 per cent, respectively.

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’s Rs 18078.73 crore. The company reported net profit of Rs 1883.61 crore for the latest quarter.

Technical Indicators

The MACD signalled a bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.