Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 259.2 and a 52-week low of Rs 163.3 on NSE. Around 52530 shares changed hands on the counter till 11:07AM (IST).
The stock opened at Rs 226.85 and has touched an intraday high and low of Rs 232.5 and Rs 224.6 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 4.6, earnings per share (EPS) of Rs 50.15 and price to book value (PB) of 0.94, while the return on equity (ROE) stood at Rs 8.51.
Promoter/ FII Holding
The promoters held 51.57 per cent stake in the company as of April 13, while FII and MF ownerships stood at 15.92 per cent and 15.45 per cent, respectively.
Key Financials
With a market capitalisation of Rs 34806.9 crore, the company operates in the Oil Refining & Marketing industry. For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 69571.51 crore, up 32.24 per cent from the previous quarter?s Rs 52610.63 crore and up 2.29 per cent from the same quarter a year ago. The company reported net profit of Rs 2373.71 crore for the latest quarter, up 131.08 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 46.53. 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.
