The stock’s 52-week high price stood at Rs 2759.95 and the 52-week low price at Rs 1593.5.
Trading volume on the counter stood at 1,646 shares, while it quoted a price-to-earnings ratio of 28.14, an EPS value of 86.65 and a price-to-book value of 2.22. In the Nifty50 pack, 38 stocks traded in the green, while 12 stocks were in the red.
Promoter/FII Holding
Promoters held 56.69 per cent stake in the company as of 31-Dec-2023, while overseas investor and mutual funds’ ownership stood at 6.24 per cent and 13.43 per cent, respectively.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 5000.51 crore, up 7.66 per cent from the previous quarter’s Rs 4644.78 crore and up 9.24 per cent from the year-ago quarter’s Rs 4577.64 crore. The company reported net profit of Rs 537.63 crore for the latest quarter.
Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
