On the technical chart, the stock’s 200-day moving average is at Rs 561.25 and its 50-day moving average is at Rs 632.18. When a stock is trading above its 50-day and 200-day moving averages, it usually means that the immediate trend is up. On the other hand, when a stock is trading below its 50-day and 200-day moving averages, it is considered a bearish trend and when it is trading between these averages, it suggests that the stock can move in either direction.
The stock is trading above the signal line of the momentum indicator Moving Average Convergence Divergence (MACD), indicating that the market is in a bullish trend. The MACD is known as an indicator that signals trend reversals in a traded security or index. It is the difference between the 26-day exponential moving average and the 12-day exponential moving average. A 9-day exponential moving average, known as the signal line, is plotted above the MACD to reflect a “buy” or “sell” opportunity.
Meanwhile, the stock’s Relative Strength Index (RSI) is 63.53. Traditionally, an RSI value above 70 indicates that a stock is overbought, while one below 30 indicates that it is oversold.
The stock had a Return on Equity (RoE) of 13.31 percent and a Return on Invested Capital (RoCE) of 17.46 percent. RoCE is a financial ratio that determines a company’s profitability and efficiency in capital utilization while RoE is a measure of a business’s profitability relative to its equity capital.
