gail share price: GAIL shares rise 0.18 per cent in Friday’s trading session

The scrip had closed at Rs 163.45 in the previous session. The stock quoted a 52-week low of Rs 81.25 and a high of Rs 170.0. The company quoted a market-cap of Rs 72955.53 crore on the BSE.

On BSE, 612,074 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 11.89 times its trailing 12-month EPS of Rs 13.82 per share and 0.7 times its book value. The return on equity (ROE) stood at Rs 11.53.

Key Financials

For the quarter ended 31-Mar-2021, GAIL (India) Ltd. reported consolidated sales of Rs 16185.41 crore, up 14.26 per cent from the same quarter a year ago. The company reported 47.41 per cent YoY de-growth in net profit at Rs 2486.62 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Friday. 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.