On BSE, 528,865 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 13.48 times its trailing 12-month EPS of Rs 17.17 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-Jun-2024, GAIL (India) Ltd. reported consolidated sales of Rs 34958.32 crore, up 6.13 per cent from the same quarter a year ago. The company reported 77.63 per cent YoY growth in net profit at Rs 3182.93 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Monday. 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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