/ GAIL Tumbles Nearly 3%, Ahead Of Bonus Issuance ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 9 March 2017

Nifty is currently trading in red, down by 8 points or 0.1% at 8912 levels. BSE Sensex is also trading down by 32 points or 0.1% at 28869 levels. GAIL is trading down by nearly 2.7% or Rs 10 in the early hours of trade on BSE Sensex. It has declared a bonus issue of 1 fully paid up bonus equity share for every 3 equity share.

The record date for the bonus issue is March 11, 2017. On March 8, 2017 it traded on a fresh 52 week high of Rs 534 per share. GAIL (India) Ltd is currently trading at Rs 378.15, down by Rs 10.09 or 2.6% from its previous closing of Rs 388.24 on the BSE.

The scrip opened at Rs 373.5 and has touched a high and low of Rs 378.2 and Rs 369.55 respectively. So far 7952192(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 65662.87 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 534.4 on 08-Mar-2017 and a 52 week low of Rs 332.5 on 16-Mar-2016.

Last one week high and low of the scrip stood at Rs 534.4 and Rs 500 respectively. The promoters holding in the company stood at 56.11 % while Institutions and Non-Institutions held 40.18 % and 2.89 % respectively. The stock is currently trading below its 50 DMA.

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