Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 98575.9 and a 52-week low of Rs 55360.35 on NSE. Around 140 shares changed hands on the counter till 11:27AM (IST).
The stock opened at Rs 80650.0 and has touched an intraday high and low of Rs 81072.25 and Rs 80650.0 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 26.87, earnings per share (EPS) of Rs 3011.15 and price to book value (PB) of 2.6, while the return on equity (ROE) stood at Rs 9.52.
Promoter/ FII Holding
The promoters held 27.82 per cent stake in the company as of August 03, while FII and MF ownerships stood at 19.01 per cent and 7.5 per cent, respectively.
Key Financials
With a market capitalisation of Rs 34310.76 crore, the company operates in the Tyres & Tubes industry. For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 4874.2 crore, up 3.59 per cent from the previous quarter?s Rs 4705.22 crore and up 30.14 per cent from the same quarter a year ago. The company reported net profit of Rs 332.15 crore for the latest quarter, down 51.08 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 49.39. 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.
