Earlier in the day, the stock posted a gap-up opening session. The stock traded at a 52-week high price of Rs 4,581.8 and a 52-week low price of Rs 3,060.0. NSEAround 684 shares changed hands on the counter till 12:58 pm (IST).
The stock opened at Rs 4437.0 and has touched an intraday high and low of Rs 4444.15 and Rs 4375.5 during the session so far. The stock traded at a price-to-earnings (PE) ratio of 38.16, earnings per share (EPS) of Rs 115.17 and price-to-book (PB) of 6.74, while return on equity (ROE) stood at Rs 19.25.
Promoter/FII Holding
Promoters held 46.09 per cent stake in the company as on August 23, while FII and MF holdings were 18.76 per cent and 15.17 per cent, respectively.
Key financial data
With a market capitalisation of Rs 66,686.18 crore, the company operates in the pesticides/agrochemicals industry. For the quarter ended June 30, 2024, the company reported consolidated sales of Rs 2,141.6 crore, up 19.05 per cent from Rs 1,798.9 crore in the previous quarter and up 9.42 per cent from the same quarter last year. The company reported a net profit of Rs 448.8 crore for the recent quarter, up 17.21 per cent from the corresponding quarter last year.
Technical indicators
The stock’s relative strength index (RSI) stands at 59.67. The RSI oscillates between zero and 100. Traditionally, an overbought condition is considered to exist when the RSI value is above 70 and an oversold condition is considered to exist when it is below 30. Analysts say that the RSI indicator should not be considered in isolation as it may not be sufficient to make a buying decision, just as a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.
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