Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 282.0 and a 52-week low of Rs 156.6 on NSE. Around 60394 shares changed hands on the counter till 01:55PM (IST).
The stock opened at Rs 256.0 and has touched an intraday high and low of Rs 261.5 and Rs 251.15 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 18.09, earnings per share (EPS) of Rs 14.02 and price to book value (PB) of 2.19, while the return on equity (ROE) stood at Rs 23.8.
Promoter/ FII Holding
The promoters held 139.7 per cent stake in the company as of April 29, while FII and MF ownerships stood at 54.42 per cent and 0.5 per cent, respectively.
Key Financials
With a market capitalisation of Rs 68357.08 crore, the company operates in the Telecommunications – Allied Services industry. For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 6569.1 crore, up 58.61 per cent from the previous quarter?s Rs 4141.6 crore and up 281.77 per cent from the same quarter a year ago. The company reported net profit of Rs 1363.7 crore for the latest quarter, up 109.96 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 49.49. 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.
