Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 824.8 and a 52-week low of Rs 431.55 on NSE. Around 16810 shares changed hands on the counter till 02:08PM (IST).
The stock opened at Rs 723.05 and has touched an intraday high and low of Rs 726.9 and Rs 707.5 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 112.54, earnings per share (EPS) of Rs 6.33 and price to book value (PB) of 18.16, while the return on equity (ROE) stood at Rs 24.72.
Promoter/ FII Holding
The promoters held 149.96 per cent stake in the company as of April 27, while FII and MF ownerships stood at 22.48 per cent and 1.64 per cent, respectively.
Key Financials
With a market capitalisation of Rs 69199.91 crore, the company operates in the Paints/Varnishes industry. For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 2133.79 crore, up 20.84 per cent from the previous quarter?s Rs 1765.73 crore and up 24.77 per cent from the same quarter a year ago. The company reported net profit of Rs 274.8 crore for the latest quarter, up 50.7 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 42.87. 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.
