Earlier in the day, the stock saw a gap in early trading. The stock quoted a 52-week high of Rs 3506.1 and a 52-week low of Rs 1344.6 on NSE. Around 22,433 shares changed hands on the counter till 11:01 am (IST).
The stock opened at Rs 3460.0 and touched an intraday high and low of Rs 3495.0 and Rs 3458.65 during the session so far. The meter quoted a price to earnings (PE) ratio of 406.05, earnings per share (EPS) of Rs 8.55 and price to book value (PB) of 10.26, while return on equity (ROE) stood at Rs 3.59.
Promoter/ Holding FII
The promoters held 74.92% of the company’s capital as of September 12, while the stakes of FII and MF amounted to 16.62% and 2.0% respectively.
Key financial data
With a market capitalization of Rs 395717.19 crore, the company operates in the diversified industry. For the quarter ended June 30, 2022, the company reported consolidated sales of Rs 41,066.43 crore, up 63.34% from the previous quarter of Rs 25,141.56 crore and up 222.58% from compared to the same quarter a year ago. The company reported a net profit of Rs 469.46 crore for the last quarter, up 72.94% from the corresponding quarter last year.
The relative strength index (RSI) of the stock stands at 80.97. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Analysts say that the RSI indicator should not be considered in isolation, as it may not be enough to take a trade call, just as a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.