Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 5590.0 and a 52-week low of Rs 4120.0 on NSE. Around 2960 shares changed hands on the counter till 10:50AM (IST).
The stock opened at Rs 5200.55 and has touched an intraday high and low of Rs 5232.0 and Rs 5175.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 34.57, earnings per share (EPS) of Rs 150.54 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 October 09, while FII and MF ownerships stood at 8.21 per cent and 7.01 per cent, respectively.
Key Financials
With a market capitalisation of Rs 153999.3 crore, the company operates in the IT Consulting & Software – Mid Cap industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 8833.7 crore, up 0.87 per cent from the previous quarter?s Rs 8757.4 crore and up 12.94 per cent from the same quarter a year ago. The company reported net profit of Rs 1151.5 crore for the latest quarter, up 4.15 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 41.51. 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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