Shares of GAIL (India) Ltd. gained 0.36% to Rs 124.7 in Thursday’s trade as of 12:28PM (IST). The stock hit a high price of Rs 125.5 and low of Rs 123.6 during the session. The return on equity (ROE) for the stock stood at 8.64%. Traded volume on the counter stood at 12:28PM shares, and turnover stood at Rs 591.0 crore around that time. The stock of GAIL (India) Ltd. quoted a 52-week high price of Rs 129.5 and a 52-week low price of Rs 83.0. The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.91.

Promoters held a 51.52% stake in the company as of 30-Jun-2023, while foreign investors held 15.97% and domestic institutional investors had 8.26%.

The company reported consolidated sales of Rs 33000.79 crore for the quarter ended 30-Jun-2023, down 2.23% from the previous quarter and down 13.13% from the year-ago quarter. Net profit after tax for the latest quarter stood at Rs 1791.85 crore, down 44.92% from the same quarter a year ago.

The MACD signalled a bullish 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 a possible downward movement of the stock price.

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