Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 105.0 and a 52-week low of Rs 71.15 on NSE. Around 375068 shares changed hands on the counter till 10:36AM (IST).
The stock opened at Rs 88.5 and has touched an intraday high and low of Rs 91.0 and Rs 88.05 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 17.26, earnings per share (EPS) of Rs 5.26 and price to book value (PB) of 0.79, while the return on equity (ROE) stood at Rs -0.93.
Promoter/ FII Holding
The promoters held 51.5 per cent stake in the company as of April 30, while FII and MF ownerships stood at 5.81 per cent and 4.66 per cent, respectively.
Key Financials
With a market capitalisation of Rs 85480.56 crore, the company operates in the Oil Refining & Marketing industry. For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 148769.23 crore, up 79.54 per cent from the previous quarter?s Rs 82862.42 crore and up 19.58 per cent from the same quarter a year ago. The company reported net profit of Rs 4359.11 crore for the latest quarter, up 62.42 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 49.46. 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.
