Earlier in the day, the stock had seen gains in the opening range of the session. The stock traded on the NSE at Rs. 4666.0 to its 52-week high and Rs. It quoted a 52-week low of 2881.3. Around 1701 shares changed hands on the counter till 01:03PM (IST).
Share Rs. 4174.8 opened at Rs. 4174.8 and Rs. It has touched an intraday high and low of 4084.35. The counter quoted a price-to-earnings (PE) ratio of 65.42, earnings per share (EPS) of Rs 62.52 and price-to-book value (PB) of 14.15, while return on equity (ROE) stood at Rs. It was 23.54.
Promoter/ FII holding
Promoters held 45.04 per cent stake in the company as on September 05, while FIIs and MFs owned 27.4 per cent and 10.36 per cent respectively.
Chief Financial Officer
With a market capitalization of 79107.09 Crore, the company operates in the Bicycles and Accessories industry. For the quarter ended 30-Jun-2024, the company reported Rs. 4642.66 crore in consolidated sales, up from the previous quarter’s Rs. 4573.48 crore was 1.51 percent higher than the same quarter a year ago and 17.65 percent higher. In the latest quarter, the company posted Rs. 225.23 crore in net profit, up 4.77 percent over the same quarter last year.
Technical indicators
The relative strength index (RSI) of the stock is 50.77. 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. Analysts say that the RSI indicator should not be viewed in isolation, as it may not be enough. Take a trading call, the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.
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