GAIL Share Price may go down to Rs 227.15 today, know what is the confirmation
GAIL (India) Ltd. has become a focal point for investors as its share price continues to fluctuate in the market. As of 2 September 2024, GAIL’s stock is experiencing notable movements, prompting a closer look at its market performance, technical and fundamental analysis, and future predictions.
Main Points
- 1 Live Today GAIL Share Price
- 2 Market Performance of GAIL Share Price
- 3 Technical Analysis of GAIL Share Price
- 4 Fundamental Analysis of GAIL Share Price
- 5 Today Target Prediction of GAIL Share Price
- 6 Intraday Trading Levels of GAIL Share Price
- 7 Quarterly Results Analysis of GAIL Share Price
- 8 Next-Day Price Forecast of GAIL Share Price
- 9 Market Outlook
- 10 Compare Peer Stocks
- 11 Key Factors Influencing Price Movement
- 12 Bearish and Bullish Trends
- 13 Today Update News
- 14 1 Month Important Levels
- 15 Movement Causes and 52 Week High Low
On 2 September 2024, GAIL’s share price opened at ₹237.69, slightly down from its previous close of ₹238.05. The stock has shown a recent trend of volatility, with fluctuations observed in the preceding days. This price action is critical for traders and investors looking to capitalize on short-term movements.
In the past month, GAIL share price has seen a rise of approximately 5.55%. Over the last year, the stock has performed exceptionally well, with a staggering increase of 100.97%. The market capitalization of GAIL stands at ₹1,54,718 crore, making it one of the key players in the gas distribution sector in India.
From a technical standpoint, GAIL’s stock is currently facing resistance at ₹240, while support levels are identified around ₹230. The stock’s 52-week high is ₹246.30, and the low is ₹114.00, indicating significant volatility and potential for growth. The stock’s beta value of 0.92 suggests that it is slightly less volatile than the market, making it a relatively stable investment.
Examining the fundamentals, GAIL has a Price-to-Earnings (PE) ratio of 13.71 and a Price-to-Book (PB) ratio of 2.01. The earnings per share (EPS) stands at ₹17.17, indicating robust profitability. The company has also declared a dividend yield of 2.34%, which is attractive for income-seeking investors.
For today, analysts predict that GAIL’s stock could target a price range between ₹235 and ₹240. Traders should watch for any significant news or market movements that could impact these predictions.
For intraday trading, the key levels to watch are:
- Support Level: ₹230
- Resistance Level: ₹240
Traders are advised to keep an eye on these levels to make informed decisions.
GAIL’s recent quarterly results show a year-on-year increase in net sales, with figures reaching ₹34,737.77 crore, up by 5.94%. This growth reflects the company’s strong operational performance and its ability to navigate market challenges effectively.
Looking ahead, the forecast for GAIL’s stock price for the next day indicates potential for a slight upward trend, provided that it maintains above the ₹235 support level. Analysts suggest that if the stock can break through the ₹240 resistance, it may head towards the ₹245 mark.
Market Outlook
The overall market outlook for GAIL remains positive, driven by strong fundamentals and favorable market conditions. The gas distribution sector is expected to grow, supported by increasing demand for natural gas and government initiatives promoting cleaner energy.
Compare Peer Stocks
When comparing GAIL to its peers in the gas and petroleum sector, such as Adani Total Gas Ltd. and Gujarat Gas Ltd., GAIL holds a competitive edge with its strong market capitalization and consistent dividend payouts. This comparison highlights GAIL’s position as a stable investment option in a volatile market.
Key Factors Influencing Price Movement
Several key factors are influencing GAIL’s stock price:
- Government Policies: Supportive government policies for the gas sector are likely to boost GAIL’s growth.
- Market Demand: Increasing demand for natural gas as a cleaner energy source is beneficial for GAIL.
- Global Energy Prices: Fluctuations in global energy prices can impact GAIL’s profitability and stock performance.
Bearish and Bullish Trends
Currently, GAIL is experiencing a bullish trend, with positive sentiment from investors. However, any adverse news or market corrections could lead to bearish trends, so investors should remain vigilant.
Today Update News
Recent updates indicate that GAIL is actively engaging in joint ventures and projects aimed at expanding its operational capacity. These developments are expected to enhance the company’s growth trajectory.
1 Month Important Levels
Over the past month, important levels for GAIL have been established as follows:
- High: ₹240
- Low: ₹225
These levels will serve as benchmarks for traders looking to enter or exit positions.
Movement Causes and 52 Week High Low
The recent movements in GAIL’s share price can be attributed to a combination of strong quarterly results, positive market sentiment, and strategic initiatives by the company. The 52-week high of ₹246.30 reflects the stock’s potential for growth, while the low of ₹114.00 serves as a reminder of the volatility inherent in the stock market.
