Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 132.5 and a 52-week low of Rs 40.2 on NSE. Around 1820445 shares changed hands on the counter till 01:12PM (IST).
The stock opened at Rs 122.15 and has touched an intraday high and low of Rs 123.15 and Rs 120.2 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 34.42, earnings per share (EPS) of Rs 3.53 and price to book value (PB) of 0.49, while the return on equity (ROE) stood at Rs 5.05.
Promoter/ FII Holding
The promoters held 46.86 per cent stake in the company as of June 16, while FII and MF ownerships stood at 12.17 per cent and 8.83 per cent, respectively.
Key Financials
With a market capitalisation of Rs 38807.4 crore, the company operates in the Power – Integrated industry. For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 10222.48 crore, up 32.71 per cent from the previous quarter?s Rs 7702.84 crore and up 50.46 per cent from the same quarter a year ago. The company reported net profit of Rs 392.94 crore for the latest quarter, down 2.4 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 66.14. 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.
