InterGlobe shares drop 1.42% as Sensex falls
On the technical charts, the RSI of the stock stood at 49.15.
Shares of . traded 1.42 per cent down at Rs 4241.3 at 12:33PM (IST) on Wednesday, even as benchmark dropped 614.06 points to 79737.58.The stock had settled at Rs 4302.65 in the previous session. The stock quoted a 52-week high price of Rs 4610.0 and 52-week low of Rs 2334.95, respectively. As per BSE data, total traded volume on the counter till 12:33PM (IST) stood at 7234 shares with a turnover of Rs 3.06 crore.
At the prevailing price, shares of the company traded at 20.03 times its trailing 12-month EPS of Rs 211.73 per share and 68.53 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.88.
Shareholding Details
Promoters held 35.91 per cent stake in the company as of 30-Jun-2024, while FIIs owned 24.44 per cent and DIIs 12.67 per cent.
Technicals
On the technical charts, the relative strength index (RSI) of the stock stood at 49.15. 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. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
