GAIL India Share Price Today on 06-11-2024: GAIL India share price are up by 6.36%, Nifty up by 1.12%
GAIL India Share Price Today on 06-11-2024: On the last trading day, GAIL India opened at ₹200.05 and closed at ₹208.90. The stock reached a high of ₹209.95 during the day and a low of ₹200.05, indicating that it experienced some volatility but ultimately ended higher than its opening price.
GAIL India Share Price Today on 06-11-2024: At 06 Nov 16:00 today, GAIL India shares are trading at price ₹208.9, 6.36% up from the previous closing price. Sensex is trading at ₹80378.13, up by 1.13%. The stock has hit a high of ₹209.95 and a low of ₹200.05 during the day.
On the technical front, the stock is trading above the 5,10,300 days SMA & lower than the 20,50,100 day SMA. The stock will have support at 5,10,300 days SMA & face resistance at 20,50,100 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 203.19 |
| 10 | 207.58 |
| 20 | 216.94 |
| 50 | 223.47 |
| 100 | 224.24 |
| 300 | 205.43 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹212.42, ₹216.13, & ₹222.32, whereas it has key support levels at ₹202.52, ₹196.33, & ₹192.62.
GAIL India Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for GAIL India was 219.95% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, Initial signs of a trend reversal are evident following the recent downtrend..
From a fundamental analysis perspective, the company has a ROE of 13.95% & ROA of 8.52% respectively.The current P/E of the stock is at 11.19 & P/B is at 1.54.
The median 1-year forecasted upside in this share is at 14.41% with a target price of ₹239.00.
The company has a 0.00% promoter holding, 6.83% MF holding, & 16.77% FII holding as per filings in the september quarter.
The MF holding has decreased from 7.86% in june to 6.83% in the september quarter.
The FII holding has increased from 15.18% in june to 16.77% in the september quarter.
GAIL India share price has gained 6.36% today to trade at ₹208.9 in resonance with its peers. Its peers such as
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