Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 340.75 and a 52-week low of Rs 251.25 on NSE. Around 22122 shares changed hands on the counter till 10:56AM (IST).
The stock opened at Rs 314.65 and has touched an intraday high and low of Rs 315.7 and Rs 311.75 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 46.96, earnings per share (EPS) of Rs 6.75 and price to book value (PB) of 7.01, while the return on equity (ROE) stood at Rs 18.38.
Promoter/ FII Holding
The promoters held 2.54 per cent stake in the company as of January 19, while FII and MF ownerships stood at 35.58 per cent and 36.01 per cent, respectively.
Key Financials
With a market capitalisation of Rs 20271.77 crore, the company operates in the Electronics/Electricals industry. For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 1797.15 crore, down 5.25 per cent from the previous quarter?s Rs 1896.65 crore and down 4.62 per cent from the same quarter a year ago. The company reported net profit of Rs 97.22 crore for the latest quarter, down 22.71 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 54.63. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.
