Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 2856.8 and a 52-week low of Rs 1178.85 on NSE. Around 7452 shares changed hands on the counter till 10:20AM (IST).
The stock opened at Rs 2592.0 and has touched an intraday high and low of Rs 2641.45 and Rs 2585.3 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 45.58, earnings per share (EPS) of Rs 57.66 and price to book value (PB) of 1.22, while the return on equity (ROE) stood at Rs 4.1.
Promoter/ FII Holding
The promoters held 43.52 per cent stake in the company as of September 02, while FII and MF ownerships stood at 33.27 per cent and 1.44 per cent, respectively.
Key Financials
With a market capitalisation of Rs 62724.4 crore, the company operates in the Diversified industry. For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 3011.6 crore, down 15.55 per cent from the previous quarter?s Rs 3565.98 crore and down 0.29 per cent from the same quarter a year ago. The company reported net profit of Rs 539.4 crore for the latest quarter, up 8.85 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 56.44. 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.
