GAIL India share are down by -0.82%, Nifty down by -0.16%

GAIL India Share Price Today on : At 18 Sep 16:00 today, GAIL India shares are trading at price ₹217.75, -0.82% down from the previous closing price. Sensex is trading at ₹82948.23, down by -0.16%. The stock has hit a high of ₹221.1 and a low of ₹216.25 during the day.

On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹220.22, ₹223.08, & ₹225.07, whereas it has key support levels at ₹215.37, ₹213.38, & ₹210.52.

Till 4 PM today, the volume traded on NSE & BSE for GAIL India was -24.06% lower 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, Following a strong uptrend, the stock is indicating signs of a reversal..

From a fundamental analysis perspective, the company has a ROE of 13.95% .The current P/E of the stock is at 12.79 .

The median 1-year forecasted upside in this share is at 10.11% with a target price of ₹239.76.

The company has a 51.92% promoter holding, 7.86% MF holding, & 15.18% FII holding as per filings in the june quarter.

The MF holding has decreased from 8.44% in march to 7.86% in the june quarter.

The FII holding has increased from 14.15% in march to 15.18% in the june quarter.

GAIL India share price down -0.82% today to trade at ₹217.75 while its peers are mixed. Its peers such as Gujarat State Petronet are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.16% & -0.16% each respectively.