Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 140.5 and a 52-week low of Rs 81.5 on NSE. Around 343108 shares changed hands on the counter till 10:15AM (IST).
The stock opened at Rs 130.1 and has touched an intraday high and low of Rs 135.7 and Rs 130.1 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 3.03, earnings per share (EPS) of Rs 44.5 and price to book value (PB) of 0.49, while the return on equity (ROE) stood at Rs 19.33.
Promoter/ FII Holding
The promoters held 55.99 per cent stake in the company as of August 06, while FII and MF ownerships stood at 17.35 per cent and 13.19 per cent, respectively.
Key Financials
With a market capitalisation of Rs 35575.1 crore, the company operates in the Term Lending – Power industry. For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 18155.14 crore, down 1.55 per cent from the previous quarter?s Rs 18441.72 crore and down 11.69 per cent from the same quarter a year ago. The company reported net profit of Rs 2921.87 crore for the latest quarter, up 522.73 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 66.72. 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.
