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GAIL (India) Ltd. shares fall 3.0% as Nifty drops

GAIL (India) Ltd. shares fall 3.0% as Nifty drops
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Last Updated: Apr 05, 2021, 01:33 PM IST
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Synopsis
The stock quoted a 52-week high price of Rs 157.95 and a 52-week low of Rs 74.55.
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Shares of GAIL (India) Ltd. traded 3.0 per cent down at Rs 135.95 on Monday at around 01:33PM (IST), while the benchmark BSE Sensex declined 927.32 points to 49102.51.
As many as 351,772 shares changed hands on the counter with a total value of Rs 4.8 crore.
The stock quoted a 52-week high price of Rs 157.95 and a 52-week low of Rs 74.55.
On the technical charts, the 200-DMA of the stock stood at Rs 110.73, while 50-DMA was at Rs 137.64. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go ....

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GAIL gains 4%, hits 52-week high as board set to mull buyback on Jan 15

Shares of GAIL (India) rose 4 per cent to hit fresh 52-week high of Rs 141.40 on the BSE in Tuesday s morning session after the company said its board will meet on Friday, January 15, to consider buyback of shares and interim dividend. In the past one week, the stock has rallied 11 per cent as against a 2-per cent gain in the S&P BSE Sensex.
The company’s board will meet on January 15 to consider share buyback and also payment of interim dividend for the fiscal year ending March 2021, GAIL said in an exchange filing.
The government, which holds 52.1 per cent of GAIL, is likely to participate in the GAIL buyback just as it did in the case of NTPC, Engineers India, RITES and KIOCL. ....

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