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The stock traded at a P/E multiple of 33.31, while the price-to-book value ratio stood at 4.96.

On July 24, the closing prices of five stocks from Nifty500 pack dropped by more than 1.5% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.

Short buildup means more people are expecting the prices to go down and creating short positions.

The rupee hit an all-time low of 83.72 against the US dollar due to a strong American currency and foreign fund outflows. The decline followed a tax hike on capital gains, causing a dip in Indian equity markets. Persisting dollar demand for defence and oil payments further pressured the currency.

On the technical charts, the RSI of the stock stood at 59.84.

The stock traded at a P/E multiple of 125.86, while the price-to-book value ratio stood at 15.76.

As of 30-Jun-2024, promoters held 46.64 per cent stake in the company, while FIIs held 14.73 per cent and domestic institutional investors had 1.41 per cent.

A total of 6,343 shares changed hands on the counter till 12:58PM (IST).

The environment is good. Earnings growth this quarter will be probably around 10% and for the next few quarters it will also be in that range and rates are going to come down. And barring a recession, which I do not think is going to happen, the stock market should not fall too much.

The Nifty Bank index was trading 1.09 per cent down at 50757.6.