Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 273.0 and a 52-week low of Rs 126.0 on NSE. Around 572767 shares changed hands on the counter till 02:12PM (IST).
The stock opened at Rs 237.0 and has touched an intraday high and low of Rs 243.55 and Rs 232.05 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 36.92, earnings per share (EPS) of Rs 6.39 and price to book value (PB) of 5.07, while the return on equity (ROE) stood at Rs 8.27.
Promoter/ FII Holding
The promoters held 61.73 per cent stake in the company as of November 15, while FII and MF ownerships stood at 16.4 per cent and 10.46 per cent, respectively.
Key Financials
With a market capitalisation of Rs 74527.25 crore, the company operates in the Auto Ancl – Electrical industry. For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 14163.53 crore, down 13.17 per cent from the previous quarter?s Rs 16312.13 crore and down 5.66 per cent from the same quarter a year ago. The company reported net profit of Rs 216.86 crore for the latest quarter, down 35.76 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 52.74. 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.
