Earlier in the day, the stock saw a gap-down start to the session. The stock traded a 52-week high price of Rs 4,169.5 and a 52-week low price of Rs 1,590.3 at NSETill 14:10 (IST), around 4,768 shares were traded on the market.
The stock opened at Rs 3,838.2 and has touched an intraday high and low of Rs 3,847.65 and Rs 3,786.95 during the session so far. The stock was trading at a price-earnings (PE) ratio of 57.59, earnings per share (EPS) of Rs 65.94 and price-to-book (PB) of 12.61, while return on equity (ROE) stood at Rs 26.02.
Promoter/FII Holding
Promoters held 51.0 per cent stake in the company as on August 27, while FII and MF holdings were 17.95 per cent and 17.82 per cent, respectively.
Key financial data
With a market capitalization of Rs 1,052,63.93 crore, the company operates in the motors industry. For the quarter ended June 30, 2024, the company reported consolidated sales of Rs 2,419.29 crore, up 0.02 percent from Rs 2,418.92 crore in the previous quarter and up 4.86 percent from the same quarter last year. The company reported a net profit of Rs 462.61 crore for the recent quarter, up 30.78 percent from the corresponding quarter last year.
Technical indicators
The stock’s relative strength index (RSI) stands at 51.51. 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 index.
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