GAIL shares rise 0.36 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 56.38 on Thursday.
Shares of (India) Ltd. rose 0.36 per cent to Rs 179.9 in Thursday's trade as of 12:22PM (IST) even as the benchmark ruled at 21959.95, up 8.8 points.The scrip had closed at Rs 179.25 in the previous session. The stock quoted a 52-week low of Rs 102.0 and a high of Rs 187.8. The company quoted a market-cap of Rs 117957.29 crore on the .
On BSE, 280,890 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 14.63 times its trailing 12-month EPS of Rs 12.27 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 31-Dec-2023, (India) Ltd. reported consolidated sales of Rs 35111.76 crore, up 3.36 per cent from the same quarter a year ago. The company reported 672.09 per cent YoY growth in net profit at Rs 3194.62 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.
Source: Stocks-Markets-Economic Times
