Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 32450.0 and a 52-week low of Rs 17639.15 on NSE. Around 294 shares changed hands on the counter till 12:35PM (IST).
The stock opened at Rs 30088.6 and has touched an intraday high and low of Rs 30132.85 and Rs 29805.0 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 98.41, earnings per share (EPS) of Rs 305.35 and price to book value (PB) of 23.03, while the return on equity (ROE) stood at Rs 38.48.
Promoter/ FII Holding
The promoters held 48.32 per cent stake in the company as of June 16, while FII and MF ownerships stood at 25.89 per cent and 12.07 per cent, respectively.
Key Financials
With a market capitalisation of Rs 33517.61 crore, the company operates in the Branded Hosiery/Knitwear industry. For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 886.32 crore, down 4.82 per cent from the previous quarter?s Rs 931.21 crore and down 60.81 per cent from the same quarter a year ago. The company reported net profit of Rs 115.56 crore for the latest quarter, up 272.49 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 47.47. 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.
