GAIL shares fall 0.96 per cent in Wednesday's trading session
GAIL (India) Ltd. fell 0.96 per cent to Rs 123.7 in Wednesday's trade as of 11:57AM (IST) even as the benchmark Nifty ruled at 19759.75, down 23.65 points.
The scrip had closed at Rs 124.9 in the previous session.
The stock quoted a 52-week low of Rs 89.5 and a high of Rs 132.45. The company quoted a market-cap of Rs 81498.36 crore on the BSE.
On BSE, 108,975 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 15.42 times its trailing 12-month EPS of Rs 8.04 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-Sep-2023, GAIL (India) Ltd.
reported consolidated sales of Rs 33191.03 crore, up 14.72 per cent from the same quarter a year ago. The company reported 85.84 per cent YoY growth in net profit at Rs 2444.05 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Wednesday.
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.
