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Earlier in the day, the stock witnessed a start to the session. The stock quoted a 52-week high price of Rs 2843.0 and a 52-week low of Rs 1763.25 on NSE. Around 2952 shares changed hands on the counter till 12:28PM (IST).
The stock opened at Rs 2715.2 and has touched an intraday high and low of Rs 2716.7 and Rs 2671.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 21.56, earnings per share (EPS) of Rs 124.42 and price to book value (PB) of 2.87, while the return on equity (ROE) stood at Rs 14.3.
Promoter/ FII Holding
The promoters held 56.69 per cent stake in the company as of July 18, while FII and MF ownerships stood at 5.64 per cent and 15.72 per cent, respectively.
Key Financials
With a market capitalisation of Rs 50383.32 crore, the company operates in the Cement - Pan India industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 5528.45 crore, up 10.56 per cent from the previous quarter?s Rs 5000.51 crore and up 12.59 per cent from the same quarter a year ago. The company reported net profit of Rs 944.79 crore for the latest quarter, up 300.96 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 54.75. 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.
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Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price