Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 872.0 and a 52-week low of Rs 550.6 on NSE. Around 5973 shares changed hands on the counter till 10:46AM (IST).
The stock opened at Rs 839.8 and has touched an intraday high and low of Rs 847.0 and Rs 839.8 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 97.05, earnings per share (EPS) of Rs 8.7 and price to book value (PB) of 21.99, while the return on equity (ROE) stood at Rs 21.31.
Promoter/ FII Holding
The promoters held 74.98 per cent stake in the company as of September 14, while FII and MF ownerships stood at 11.25 per cent and 0.87 per cent, respectively.
Key Financials
With a market capitalisation of Rs 82001.58 crore, the company operates in the Paints/Varnishes industry. For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 1815.52 crore, down 11.05 per cent from the previous quarter?s Rs 2041.09 crore and down 93.43 per cent from the same quarter a year ago. The company reported net profit of Rs 140.59 crore for the latest quarter, up 811.74 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 63.9. 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.
