GAIL shares 2.3 per cent in Wednesday's trading session

Shares of GAIL (India) Ltd. 2.3 per cent to Rs 204.60 in Wednesday's trade as of 10:05AM (IST) even as the benchmark Nifty ruled at 24552.1, 94.95 points.

The scrip had closed at Rs 200.00 in the previous session. The stock quoted a 52-week low of Rs 134.85 and a high of Rs 246.35. The company quoted a market-cap of Rs 134658.04 crore on the BSE.

On BSE, 312,046 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 11.67 times its trailing 12-month EPS of Rs 17.55 per share and 1.55 times its book value. The return on equity (ROE) stood at Rs 12.85.


Key Financials
For the quarter ended 30-Sep-2024, GAIL (India) Ltd. reported consolidated sales of Rs 34165.5700 crore, 2.94 per cent from the same quarter a year ago. The company reported 10.21 per cent YoY in net at Rs 2693.55 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.