GAIL (India) Ltd. shares increased 0.5% to Rs 110.55 as of 11:53AM (IST) on Wednesday, while the benchmark Nifty closed at 17131.25, up 87.95 points.
The previous session saw the stock close at Rs 110.0. The stock’s 52-week low was Rs 83.0 and its 52-week high was Rs 115.63. The business has a market value of Rs 72654.85 crore on the BSE.
Thus far, 372,633 shares have traded on the BSE. The stock is currently trading at 8.61 times trailing 12-month profit per share of Rs 12.83 and 1.08 times book value. The ROI (return on equity) was 19.11 rupees.
Financials That Are Important
GAIL (India) Ltd. reported consolidated sales of Rs 36334.2 crore for the quarter ended 31-Dec-2022, a 36.77% decrease from the previous quarter. The company’s net profit fell 89.06 percent year on year to Rs 413.76 crore in the most recent quarter.
Indicators of technical significance
The stock’s relative importance index (RSI) was already on Wednesday. The RSI goes from 0 to 100. When the RSI value is higher than 70, it is called overheated, and when it falls below 30, it is considered oversold.
According to analysts, the RSI indicator shouldn’t be viewed in solo because it may not be adequate to make a trading decision, just as a fundamental analyst cannot make a “buy” or “sell” suggestion only on a single valuation ratio.
