Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 1674.0 and a 52-week low of Rs 1295.0 on NSE. Around 13750 shares changed hands on the counter till 01:31PM (IST).
The stock opened at Rs 1461.0 and has touched an intraday high and low of Rs 1472.05 and Rs 1419.5 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 57.16, earnings per share (EPS) of Rs 25.64 and price to book value (PB) of 8.04, while the return on equity (ROE) stood at Rs 18.15.
Promoter/ FII Holding
The promoters held 48.08 per cent stake in the company as of November 23, while FII and MF ownerships stood at 28.61 per cent and 8.49 per cent, respectively.
Key Financials
With a market capitalisation of Rs 71884.94 crore, the company operates in the Insurance – Non Life industry. For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 631.25 crore, up 215.37 per cent from the previous quarter?s Rs 200.16 crore and up 16.64 per cent from the same quarter a year ago. The company reported net profit of Rs 446.67 crore for the latest quarter, up 7.44 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 37.15. 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.
