The previous session had closed at Rs 431.45. The stock hit a 52-week high of Rs 464.3 and a 52-week low of Rs 201.75, respectively. As per BSE data, the total over-the-counter trading volume till 12:22 pm (IST) was 603,093 shares and the turnover was Rs 2,603 crore.
At current prices, the stock is trading at 38.53 times trailing 12-month EPS (Rs 11.57 per share) and 3.89 times price-to-book ratio, according to BSE data.
A high P/E ratio indicates that investors are willing to pay a higher price for a stock today due to future growth expectations.
Price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even if the business does not grow. The stock’s beta, which measures a stock’s volatility relative to the broader market, was 1.73. Shareholding Details As on March 31, 2024, promoters held his 46.86% of the company’s shares, FIIs held 9.45% and DIIs held 5.59%.technical
On the technical chart, the stock’s Relative Strength Index (RSI) was 53.46. RSI fluctuates between 0 and 100. Traditionally, RSI values above 70 are considered overbought conditions, and below 30 are considered oversold conditions. Charting experts say that you should not look at RSI in isolation, and that it may not be enough to consider it. This is just as a fundamental analyst cannot use a single valuation ratio to recommend a buy or sell.
