In the previous session, the scrip was Rs. It closed at 313.5. Shares respectively Rs. 340.35 to 52 week high and Rs. A 52-week low of 123.55 was shown. As per BSE data, the total traded volume on the counter till 12:58PM (IST) was Rs. There were 1370449 shares with a turnover of 42.46 crores.
At current prices, the company’s shares are trading at a trailing 12-month earnings per share of Rs. 5.45 traded at 56.54 times and 9.02 times its price-to-book value, BSE data showed.
A high P/E ratio indicates that investors are willing to pay a high price for the stock today due to expectations of future growth.
Price-to-book value reflects the intrinsic value of a company and the price investors are willing to pay even if there is no growth in the business. The stock’s beta value, which measures its volatility relative to the broader market, was 1.44.
Shareholding details
As on 30-Jun-2024, promoters held 51.14 per cent stake in the company, while FIIs held 17.43 per cent and DIIs 16.08 per cent.
Technicals
On the technical chart, the relative strength index (RSI) of the stock stood at 47.33. RSI oscillates between zero and 100. Conventionally, when the RSI value is above 70 it is considered an overbought position and when it is below 30 it is considered an oversold position. Chartists say, RSI should not be looked at in isolation, as it may not be enough to take. A trading call, as fundamental analysts cannot give a ‘buy’ or ‘sell’ recommendation using a single valuation ratio.
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