TVS Motor stock price down 4.87 per cent as Sensex slides

TVS Motor stock price down 4.87 per cent as Sensex slides
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Synopsis

As of 31-Dec-2020, promoters held 57.4 per cent stake in the company, while FIIs held 11.15 per cent and domestic institutional investors had 12.06 per cent.

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Back home a gradual easing of lockdown measures in major global economies lifted domestic equity benchmarks for the third session in a row.

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Shares of Company Ltd. fell 4.87 per cent to Rs 540.35 at 12:26PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 60,699 shares with a turnover of Rs 3.3 crore till 12:26PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 71.4, while the price-to-book value ratio stood at 4.3.

Return on equity (ROE) was at 19.03 per cent, according to exchange data. The stock hit an intraday high of Rs 558.25 and a low of Rs 532.8 during the session and quoted a 52-week high price of Rs 659.8 and a 52-week low of Rs 265.45.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.53.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 490.37 on April 12, while the 50-DMA was at Rs 598.44. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 33.58. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2020, promoters held 57.4 per cent stake in the company, while FIIs held 11.15 per cent and domestic institutional investors had 21.46 per cent.

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