Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 10760.4 and a 52-week low of Rs 5708.1 on NSE. Around 1077 shares changed hands on the counter till 12:30PM (IST).
The stock opened at Rs 6299.95 and has touched an intraday high and low of Rs 6299.95 and Rs 6211.3 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 54.6, earnings per share (EPS) of Rs 114.6 and price to book value (PB) of 34.39, while the return on equity (ROE) stood at Rs 34.33.
Promoter/ FII Holding
The promoters held 43.92 per cent stake in the company as of April 21, while FII and MF ownerships stood at 13.85 per cent and 1.85 per cent, respectively.
Key Financials
With a market capitalisation of Rs 38964.81 crore, the company operates in the IT Consulting & Software - Mid Cap industry. For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 836.88 crore, up 7.04 per cent from the previous quarter?s Rs 781.84 crore and up 30.37 per cent from the same quarter a year ago. The company reported net profit of Rs 194.68 crore for the latest quarter, up 28.97 per cent from the corresponding quarter last year.
The relative strength index (RSI) of the stock stands at 52.36. 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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