The stock’s 52-week high was Rs 640.8 and its 52-week low was Rs 446.05.
The trading volume was 30,902 shares, with the price-earnings ratio (PER) being 98.22, EPS being 5.9 and price-to-book ratio (PBR) being 7.97. Of the Nifty 50 stocks, 18 stocks traded positively and 31 stocks traded negatively.
Promoter/FII Holdings
As of March 31, 2024, promoters held 73.24% stake in the company, while foreign investors and mutual funds’ ownership stood at 13.35% and 6.43%, respectively.
Key Financial Information
The company reported consolidated revenue of Rs 23,025.12 crore for the quarter ended March 31, 2024, down 14.24% from Rs 26,849.7 crore in the previous quarter and down 113.84% from Rs 10,767.43 crore in the same period last year. The company reported net profit of Rs 17,367 crore for the latest quarter.
Technical Indicators
MACD signaled a bearish bias in the counter. MACD is known to signal trend reversals in the security or index being traded. It is the difference between the 26-day exponential moving average and the 12-day exponential moving average. A 9-day exponential moving average, called the signal line, is plotted above the MACD to reflect “buying” or “selling” opportunities. When the MACD crosses below the signal line, it is a bearish signal, indicating that the price of the security may move lower and vice versa.
