Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 312.0 and a 52-week low of Rs 163.3 on NSE. Around 81391 shares changed hands on the counter till 12:08PM (IST).
The stock opened at Rs 300.75 and has touched an intraday high and low of Rs 303.2 and Rs 299.5 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 4.07, earnings per share (EPS) of Rs 73.41 and price to book value (PB) of 0.89, while the return on equity (ROE) stood at Rs 28.0.
Promoter/ FII Holding
The promoters held 54.9 per cent stake in the company as of October 04, while FII and MF ownerships stood at 17.84 per cent and 11.71 per cent, respectively.
Key Financials
With a market capitalisation of Rs 42372.04 crore, the company operates in the Oil Refining & Marketing industry. For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 72838.01 crore, down 3.39 per cent from the previous quarter?s Rs 75394.63 crore and down 90.1 per cent from the same quarter a year ago. The company reported net profit of Rs 2003.9 crore for the latest quarter, down 11.04 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 70.88. 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.
