Earlier in the day, the stock witnessed a start to the session. The stock quoted a 52-week high price of Rs 2104.6 and a 52-week low of Rs 1254.1 on NSE. Around 12828 shares changed hands on the counter till 01:11PM (IST).
The stock opened at Rs 2080.1 and has touched an intraday high and low of Rs 2104.6 and Rs 2069.55 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 23.62, earnings per share (EPS) of Rs 88.92 and price to book value (PB) of 2.4, while the return on equity (ROE) stood at Rs 11.26.
Promoter/ FII Holding
The promoters held 54.53 per cent stake in the company as of July 15, while FII and MF ownerships stood at 23.67 per cent and 8.46 per cent, respectively.
Key Financials
With a market capitalisation of Rs 39444.71 crore, the company operates in the Cement – Pan India industry. For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 4335.94 crore, up 3.02 per cent from the previous quarter?s Rs 4208.75 crore and up 21.88 per cent from the same quarter a year ago. The company reported net profit of Rs 562.57 crore for the latest quarter, up 74.17 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 65.93. 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.
