The scrip had settled at Rs 15.02 within the earlier session. The inventory quoted a 52-week excessive worth of Rs 87.95 and 52-week low of Rs 5.55, respectively. As per BSE knowledge, whole traded quantity on the counter until 10:05AM (IST) stood at 10588000 shares with a turnover of Rs 15.87 crore.
On the present worth, shares of the corporate traded at -2.27 instances its trailing 12-month earnings per share of Rs -6.58 per share and 0.86 instances its price-to-book worth, change knowledge confirmed.
A better P/E ratio exhibits traders are prepared to pay the next share worth right now due to progress expectations sooner or later.
Worth-to-book worth signifies the inherent worth of an organization and displays the worth traders are able to pay even for no progress within the enterprise. The inventory’s Beta worth, which measures its volatility in relation to the broader market, stood at 1.78.
Promoters held 0.Zero per cent stake within the firm as of 23-Jul-2020, whereas FIIs owned 13.72 per cent and DIIs 1.7 per cent.
On the technical charts, the relative power index (RSI) of the inventory stood at 42.86. The RSI oscillates between zero and 100. Historically, it’s thought of overbought situation when the RSI worth is above 70 and oversold situation when it’s beneath 30. Chartists say, RSI shouldn’t be seen in isolation, because it might not be enough to take a buying and selling name, simply the way in which basic analysts can’t give a ‘purchase’ or’promote’ advice utilizing a single valuation ratio.