On Tuesday, shares of Divi’s Laboratories Ltd. increased by 0.49%, reaching a price of Rs 6089.70 as of 10:50 AM (IST). During trading, the stock hit a high of Rs 6100.00 and a low of Rs 5978.70.
The company’s Return on Equity (ROE), which measures how well it uses investors’ money, is 11.78%. By 10:50 AM, about 10,000 shares had been traded, with a total turnover of Rs 2.24 crore.
In the past year, Divi’s Laboratories has seen its stock price fluctuate significantly, with a highest price of Rs 6448.75 and a lowest price of Rs 3350.05. The stock’s Beta value is 1.0009, indicating it moves about as much as the overall market.
Who Owns Divi’s Laboratories?
As of September 30, 2024, the company’s major stakeholders include:
– Promoters: 51.89%
– Foreign Investors: 17.25%
– Domestic Institutional Investors: 11.92%
Financial Highlights
For the quarter ending September 30, 2024, Divi’s Laboratories reported consolidated sales of Rs 2444.00 crore, showing a growth of 11.24% from the previous quarter and 22.51% from the same quarter last year. The net profit after tax for this latest quarter was Rs 510.0 crore, up 46.55% compared to a year ago.
Technical Signals
The MACD (Moving Average Convergence Divergence) is giving a positive signal for the stock. This tool helps traders see potential trend changes, showing buy or sell opportunities based on price movements.
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