Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 153.4 and a 52-week low of Rs 87.3 on NSE. Around 656080 shares changed hands on the counter till 01:44PM (IST).
The stock opened at Rs 148.0 and has touched an intraday high and low of Rs 148.0 and Rs 144.0 during the session so far. The stock quoted a price-to-earnings (PE) ratio of -4098.26, earnings per share (EPS) of Rs -0.04 and price to book value (PB) of 4.24, while the return on equity (ROE) stood at Rs -2.1.
Promoter/ FII Holding
The promoters held 51.54 per cent stake in the company as of November 17, while FII and MF ownerships stood at 16.33 per cent and 13.63 per cent, respectively.
Key Financials
With a market capitalisation of Rs 42990.8 crore, the company operates in the Auto – Cars/UV/CV industry. For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 5586.91 crore, up 36.16 per cent from the previous quarter?s Rs 4103.27 crore and up 44.08 per cent from the same quarter a year ago. The company reported net loss of Rs 103.43 crore for the latest quarter, down 15.88 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 55.86. 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.
