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    GAIL shares rise 0.5 per cent in Wednesday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 47.33 on Wednesday.

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    Shares of (India) Ltd. rose 0.5 per cent to Rs 151.35 in Wednesday's trade as of 11:52AM (IST) even as the benchmark Nifty ruled at 17959.90, down 84.35 points.

    The scrip had closed at Rs 150.6 in the previous session. The stock quoted a 52-week low of Rs 85.7 and a high of Rs 171.35. The company quoted a market-cap of Rs 67205.23 crore on the BSE.

    On BSE, 569,935 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 7.16 times its trailing 12-month EPS of Rs 21.15 per share and 1.13 times its book value. The return on equity (ROE) stood at Rs 11.53.

    Key Financials
    For the quarter ended 30-Sep-2021, GAIL (India) Ltd. reported consolidated sales of Rs 22056.21 crore, up 56.52 per cent from the same quarter a year ago. The company reported 159.34 per cent YoY growth in net profit at Rs 2883.3 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.

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