Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 659.8 and a 52-week low of Rs 240.1 on NSE. Around 24055 shares changed hands on the counter till 01:12PM (IST).
The stock opened at Rs 586.15 and has touched an intraday high and low of Rs 590.1 and Rs 572.0 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 76.12, earnings per share (EPS) of Rs 7.54 and price to book value (PB) of 4.3, while the return on equity (ROE) stood at Rs 19.03.
Promoter/ FII Holding
The promoters held 57.4 per cent stake in the company as of April 06, while FII and MF ownerships stood at 11.15 per cent and 12.06 per cent, respectively.
Key Financials
With a market capitalisation of Rs 27270.0 crore, the company operates in the Auto – 2 & 3 Wheelers industry. For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 6111.56 crore, up 15.98 per cent from the previous quarter?s Rs 5269.59 crore and up 27.88 per cent from the same quarter a year ago. The company reported net profit of Rs 283.65 crore for the latest quarter, up 88.33 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 44.67. 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.
