The certificate had closed at Rs 763.75 in the previous session. The stock quoted a 52-week high of Rs 770.05 and a 52-week low of Rs 469.75, respectively. According to BSE data, the total trading volume on the counter till 12:43 p.m. (IST) stood at 27,092 shares with a turnover of Rs 2.04 crore.
At the current price, the company’s shares traded at 36.03 times its 12-month earnings per share of Rs 20.85 per share and 4.78 times its price-to-book ratio, according to exchange data. .
A higher P/E ratio shows that investors are willing to pay a higher price today due to growth expectations in the future.
The price-to-book ratio indicates the inherent value of a company and reflects the price investors are willing to pay even if the company does not grow. The stock’s beta, which measures its volatility relative to the broader market, was 1.8.
The promoters held 51.4% of the company’s capital as of March 31, 2022, while the FIIs held 17.61% and the DIIs 19.54%.
On the technical charts, the relative strength index (RSI) of the stock stood at 58.35. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be considered in isolation, as it may not be enough to take a trade call, just as fundamental analysts cannot give a “buy” or “sell” recommendation using a single valuation ratio.