Aurobindo Pharma shares fall 0.68 per cent in Tuesday's trading session

Shares of Aurobindo Pharma Ltd. fell 0.68 per cent to Rs 612.25 in Tuesday's trade as of 12:41PM (IST) even as the benchmark Nifty ruled at 18156.85, up 91.85 points.

The scrip had closed at Rs 616.45 in the previous session. The stock quoted a 52-week low of Rs 397.3 and a high of Rs 654.75. The company quoted a market-cap of Rs 36120.19 crore on the BSE.

On BSE, 12,745 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 18.08 times its trailing 12-month EPS of Rs 34.09 per share and 1.59 times its book value. The return on equity (ROE) stood at Rs 10.77.

Key Financials
For the quarter ended 31-Dec-2022, Aurobindo Pharma Ltd. reported consolidated sales of Rs 6499.78 crore, up 7.13 per cent from the same quarter a year ago. The company reported 18.76 per cent YoY de-growth in net profit at Rs 491.26 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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.