Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 604.0 and a 52-week low of Rs 322.1 on NSE. Around 340463 shares changed hands on the counter till 03:14PM (IST).
The stock opened at Rs 430.0 and has touched an intraday high and low of Rs 437.8 and Rs 422.8 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 17.93, earnings per share (EPS) of Rs 24.37 and price to book value (PB) of 3.44, while the return on equity (ROE) stood at Rs 19.8.
Promoter/ FII Holding
The promoters held 45.0 per cent stake in the company as of August 16, while FII and MF ownerships stood at 20.34 per cent and 7.77 per cent, respectively.
Key Financials
With a market capitalisation of Rs 30576.03 crore, the company operates in the Gas Distribution industry. For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 3224.59 crore, up 30.01 per cent from the previous quarter?s Rs 2480.31 crore and up 128.64 per cent from the same quarter a year ago. The company reported net profit of Rs 481.24 crore for the latest quarter, up 73.14 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 79.05. 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.