On the technical chart, the stock’s 200-day moving average is at Rs 138.59 and its 50-day moving average is at Rs 186.38. 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 below the signal line of the momentum indicator Moving Average Convergence Divergence (MACD), signaling that the market is in a bearish trend. The MACD is known to signal trend reversals in traded securities and indexes. 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 35.94. Traditionally, an RSI value above 70 is considered overbought, while one below 30 is considered oversold.
The stock had a Return on Equity (RoE) of 1.71% and a Return on Invested Capital (RoCE) of 1.75%. 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.
