Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 143.25 and a 52-week low of Rs 72.0 on NSE. Around 408308 shares changed hands on the counter till 12:55PM (IST).
The stock opened at Rs 136.8 and has touched an intraday high and low of Rs 138.0 and Rs 134.55 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of -1318.59, earnings per share (EPS) of Rs -0.1 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 October 08, while FII and MF ownerships stood at 17.04 per cent and 11.27 per cent, respectively.
Key Financials
With a market capitalisation of Rs 39570.91 crore, the company operates in the Auto – Cars/UV/CV industry. For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 4103.27 crore, down 49.82 per cent from the previous quarter?s Rs 8176.73 crore and down 171.44 per cent from the same quarter a year ago. The company reported net loss of Rs 273.86 crore for the latest quarter, down 33.05 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 62.31. 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.
