Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 156.85 and a 52-week low of Rs 83.7 on NSE. Around 126358 shares changed hands on the counter till 10:05AM (IST).
The stock opened at Rs 129.4 and has touched an intraday high and low of Rs 133.0 and Rs 129.4 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 3.84, earnings per share (EPS) of Rs 34.3 and price to book value (PB) of 0.5, while the return on equity (ROE) stood at Rs 14.04.
Promoter/ FII Holding
The promoters held 52.63 per cent stake in the company as of April 29, while FII and MF ownerships stood at 26.75 per cent and 9.07 per cent, respectively.
Key Financials
With a market capitalisation of Rs 26029.42 crore, the company operates in the Term Lending – Power industry. For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 9089.46 crore, up 3.03 per cent from the previous quarter?s Rs 8822.1 crore and up 17.79 per cent from the same quarter a year ago. The company reported net profit of Rs 2257.96 crore for the latest quarter, up 35.47 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 49.35. 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.
