GAIL shares rise 0.03 per cent in Thursday's trading session

GAIL shares rise 0.03 per cent in Thursday's trading session
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Synopsis

The Relative Strength Index of the stock stood at 39.82 on Thursday.

Agencies
India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.

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Shares of GAIL (India) Ltd. rose 0.03 per cent to Rs 150.65 in Thursday's trade as of 10:20AM (IST) even as the benchmark Nifty ruled at 15886.05, down 281.05 points.

The scrip had closed at Rs 150.6 in the previous session. The stock quoted a 52-week low of Rs 125.2 and a high of Rs 173.45. The company quoted a market-cap of Rs 66694.59 crore on the BSE.

On BSE, 100,416 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 5.91 times its trailing 12-month EPS of Rs 25.42 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 31-Dec-2021, (India) Ltd. reported consolidated sales of Rs 26566.52 crore, up 67.27 per cent from the same quarter a year ago. The company reported 100.72 per cent YoY growth in net profit at Rs 3780.78 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.

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