The scrip had closed at Rs 14.05 in the previous session. The stock quoted a 52-week high price of Rs 32.85 and 52-week low of Rs 11.1, respectively. As per BSE data, total traded volume on the counter stood at 24476737 shares with a turnover of Rs 38.92 crore.
At the prevailing price, shares of the company traded at 13.85 times its trailing 12-month EPS of Rs 1.18 per share and 1.3 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.78.
Technicals
On the technical charts, the relative strength index (RSI) of the stock stood at 58.95. 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. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a ‘buy’ or’sell’ recommendation using a single valuation ratio.
