Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2055.1 and a 52-week low of Rs 947.0 on NSE. Around 24588 shares changed hands on the counter till 11:50AM (IST).
The stock opened at Rs 1850.0 and has touched an intraday high and low of Rs 1870.1 and Rs 1827.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 82.34, earnings per share (EPS) of Rs 22.45 and price to book value (PB) of 4.74, while the return on equity (ROE) stood at Rs 8.09.
Promoter/ FII Holding
The promoters held 0.0 per cent stake in the company as of March 22, while FII and MF ownerships stood at 4.22 per cent and 1.64 per cent, respectively.
Key Financials
With a market capitalisation of Rs 65828.83 crore, the company operates in the Capital Goods – Diversified industry. For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 2983.3 crore, down 17.34 per cent from the previous quarter?s Rs 3609.3 crore and down 7.63 per cent from the same quarter a year ago. The company reported net profit of Rs 295.5 crore for the latest quarter, up 11.17 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 49.59. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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.
