The stock had settled at Rs 254.05 in the previous session. The stock traded at a 52-week high of Rs 298.45 and a 52-week low of Rs 186.45 respectively. As per BSE data, the total volume traded on the counter till 1.23 pm (IST) stood at 220,585 shares with a turnover of Rs 5.58 crore.
At current price, the stock was trading at 6.82 times its trailing 12-month EPS of Rs 36.95 per share and 1.14 times its price-to-book ratio, BSE data showed.
A higher price-earnings ratio shows that investors are willing to pay a higher price per share today because of expectations of future growth.
The price-to-book ratio indicates the inherent value of a company and reflects the price that 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, stood at 1.82. Shareholding data Promoters held 63.97 per cent of the company’s shares as on June 30, 2024, while FIIs held 11.45 per cent and DIIs 8.5 per cent. Technicians
On the technical charts, the stock’s relative strength index (RSI) stood at 51.37. 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. Chart analysts claim that the RSI should not be considered in isolation as it may not be sufficient to make a buying decision, just as fundamental analysts cannot give a “buy” or “sell” recommendation using a single valuation ratio.
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