GAIL shares fall 0.8 per cent in Thursday's trading session
GAIL (India) Ltd. fell 0.8 per cent to Rs 129.95 in Thursday's trade as of 11:52AM (IST) even as the benchmark Nifty ruled at 19645.3, down 25.8 points.
The scrip had closed at Rs 131.0 in the previous session.
The stock quoted a 52-week low of Rs 84.15 and a high of Rs 132.45. The company quoted a market-cap of Rs 85574.92 crore on the BSE.
On BSE, 428,808 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 20.6 times its trailing 12-month EPS of Rs 6.32 per share and 1.07 times its book value. The return on equity (ROE) stood at Rs 8.64.
Key Financials For the quarter ended 30-Jun-2023, GAIL (India) Ltd.
reported consolidated sales of Rs 33000.79 crore, down 13.13 per cent from the same quarter a year ago. The company reported 44.92 per cent YoY de-growth in net profit at Rs 1791.85 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Thursday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
