Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 449.8 and a 52-week low of Rs 294.75 on NSE. Around 55394 shares changed hands on the counter till 11:11AM (IST).
The stock opened at Rs 395.25 and has touched an intraday high and low of Rs 398.9 and Rs 392.55 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 59.5, earnings per share (EPS) of Rs 6.6 and price to book value (PB) of 2.59, while the return on equity (ROE) stood at Rs 4.12.
Promoter/ FII Holding
The promoters held 74.95 per cent stake in the company as of September 06, while FII and MF ownerships stood at 16.13 per cent and 3.27 per cent, respectively.
With a market capitalisation of Rs 97180.74 crore, the company operates in the Real Estate industry. For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 1516.28 crore, down 8.22 per cent from the previous quarter?s Rs 1652.13 crore and down 22.06 per cent from the same quarter a year ago. The company reported net profit of Rs 469.57 crore for the latest quarter, up 39.3 per cent from the corresponding quarter last year.
The relative strength index (RSI) of the stock stands at 62.85. 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.