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A Price-to-Earnings (PE) ratio below the industry average suggests that a stock is valued lower relative to its earnings compared to its peers.

China’s stock rally tapered and Hong Kong shares slumped as officials provided few details on economic stimulus plans. Mainland markets surged but then moderated, while the Hang Seng fell significantly. Investors showed caution, leading to sharp drops in the yuan and industrial metal prices.

The stock quoted a 52-week high price of Rs 483.65 and a 52-week low of Rs 262.1.

On the technical charts, the RSI of the stock stood at 46.0.

I think initially the market was very sceptical of the policy moves. Then, when they saw the commitment on the part of the Chinese authorities, they went into it with both hands.

The Relative Strength Index of the stock stood at 35.64 on Tuesday.

A Price-to-Earnings (PE) ratio above the industry average suggests that a stock is valued higher relative to its earnings compared to peers.

The stock traded at a P/E multiple of 72.55, while the price-to-book value ratio stood at 5.64.

Shares of Jyoti Structures skyrocketed by 10% after investor Ashish Kacholia acquired a 2.52% stake. Showing notable growth, the stock has risen 91% over the past year. The company secured significant orders recently and reported a net profit of Rs 5 crore for the June 2024 quarter.