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In the morning, the stock witnessed a gap that started in the meeting. The stock quoted a 52-week high of Rs 298.0 and a 52-week low of Rs 190.0 on the NSE. Around 176647 shares changed hands on the counter till 12:48 pm (IST).
The stock opened at Rs 222.8 and touched a high and low of Rs 224.5 and Rs 222.6 in the session so far. The counter quoted a price-to-earnings (PE) ratio of 28.0, earnings per share (EPS) of Rs 7.96 and price-to-book (PB) of 3.4, while return on equity (ROE) stood at Rs 7.75.
Promoter / FII Holding
Promoters held 46.86 percent stake in the company as on November 30, while FII and MF ownership stood at 10.1 percent and 3.83 percent, respectively.
Main finance
With a market capitalization of Rs 71192.17 crore, the company operates in the energy-integrated industry. For the quarter ended September 30, 2022, the company reported total sales of Rs 14181.07 crore, down 3.13 percent from the previous quarter?s Rs 14638.78 crore and down 39.2 percent from the same quarter last year. The company reported a net profit of Rs 819.09 crore for the latest quarter, up 94.32 percent from the corresponding quarter last year.
Technical indicators
The relative strength index (RSI) of the stock stands at 47.46. RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is higher than 70 and an oversold condition when it is lower than 30. Analysts say that the RSI indicator should not be viewed in isolation, because it may not be enough. Call trading, the only way a fundamental analyst can give a “buy” or “sell” recommendation using a single valuation ratio.
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