Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 5638.5 and a 52-week low of Rs 4120.0 on NSE. Around 6172 shares changed hands on the counter till 11:16AM (IST).
The stock opened at Rs 5570.05 and has touched an intraday high and low of Rs 5611.3 and Rs 5541.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 37.13, earnings per share (EPS) of Rs 149.62 and price to book value (PB) of 8.49, while the return on equity (ROE) stood at Rs 27.36.
Promoter/ FII Holding
The promoters held 68.66 per cent stake in the company as of November 21, while FII and MF ownerships stood at 8.11 per cent and 7.23 per cent, respectively.
With a market capitalisation of Rs 164380.1 crore, the company operates in the IT Consulting & Software – Mid Cap industry. For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 9048.6 crore, up 2.43 per cent from the previous quarter?s Rs 8833.7 crore and up 7.86 per cent from the same quarter a year ago. The company reported net profit of Rs 1161.8 crore for the latest quarter, down 2.25 per cent from the corresponding quarter last year.
The relative strength index (RSI) of the stock stands at 69.43. 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.
Download The Economic Times News App to get Daily Market Updates & Live Business News.