The certificate had settled at Rs 370.75 during the previous session. The stock quoted a 52-week high of Rs 604.0 and a 52-week low of Rs 322.1, respectively. According to BSE data, the total trading volume on the counter till 10:20 a.m. (IST) stood at 43,820 shares with a turnover of Rs 1.66 crore.
At the prevailing price, the stock traded at 18.31 times its 12-month earnings per share of Rs 20.66 per share and 5.64 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 1.0.
The promoters held 45.0% of the company’s capital as of December 31, 2021, while the FIIs held 20.23% and the DIIs 9.07%.
On technical charts, the stock’s relative strength index (RSI) came in at 49.2. 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.