Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 280.0 and a 52-week low of Rs 207.4 on NSE. Around 714475 shares changed hands on the counter till 02:15PM (IST).
The stock opened at Rs 242.5 and has touched an intraday high and low of Rs 246.3 and Rs 229.7 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 12.98, earnings per share (EPS) of Rs 17.83 and price to book value (PB) of 2.7, while the return on equity (ROE) stood at Rs 24.3.
Promoter/ FII Holding
The promoters held 50.0 per cent stake in the company as of June 09, while FII and MF ownerships stood at 30.5 per cent and 6.3 per cent, respectively.
Key Financials
With a market capitalisation of Rs 34702.5 crore, the company operates in the Gas Storage & Distribution industry. For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 7427.9 crore, up 16.47 per cent from the previous quarter?s Rs 6377.66 crore and up 17.42 per cent from the same quarter a year ago. The company reported net profit of Rs 882.05 crore for the latest quarter, up 29.86 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 40.01. 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.
