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Shares of . traded 0.73 per cent up at Rs 227.25 at around 12:33PM (IST) on Tuesday. The stock had closed at Rs 225.6 in the previous session. Equity benchmark Sensex traded 141.25 points higher at 54429.86 around the same time.

The scrip has declined 4.42 per cent in the last one year till date, while the 30-share index has gained 10.72 per cent during the same period.

The stock’s 52-week high price stood at Rs 252.1 and the 52-week low price at Rs 190.3.

Trading volume on the counter stood at 72,668 shares, while it quoted a price-to-earnings ratio of 9.92, an EPS value of 22.92 and a price-to-book value of 2.13. In the Nifty50 pack, 19 stocks traded in the green, while 30 stocks were in the red.

Promoter/FII Holding
Promoters held 50.0 per cent stake in the company as of 31-Mar-2022, while foreign institutional investors and mutual funds’ ownership stood at 33.6 per cent and 3.16 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 11241.74 crore, down 11.27 per cent from the previous quarter’s Rs 12669.14 crore and down 47.44 per cent from the year-ago quarter’s Rs 7624.47 crore. The company reported net profit of Rs 790.98 crore for the latest quarter.

Technical Indicators

The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.


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