On Wednesday, around 2:04 PM IST, shares of Divi’s Laboratories Ltd. climbed by 1.75% to reach Rs 5,892.30. However, this was slightly lower than the previous day’s closing price of Rs 5,997.85. At the same time, the stock market index, Sensex, saw a minor increase, gaining 91.33 points to stand at 76,590.96.
Over the past year, Divi’s Labs stock has grown by an impressive 50.78%. In comparison, the Sensex index rose by 7.36% during the same period. The highest price of the stock in the last year was Rs 6,448.75, while the lowest was Rs 3,350.05.
Today, 7,630 shares of Divi’s Labs were traded. The stock has a high price-to-earnings ratio of 85.14, which means investors are paying more for each unit of earnings. The earnings per share (EPS) stands at Rs 69.16, and the price-to-book ratio is at 6.71.
Among the 50 major companies in the Nifty50 index, 22 companies showed gains, while 28 experienced losses.
Looking at ownership, promoters (company owners) held 51.89% of the shares as of September 30, 2024. Foreign institutional investors (FIIs) owned 17.25%, and mutual funds held 11.92%.
For the quarter ending on September 30, 2024, Divi’s Labs reported a strong sales figure of Rs 2,444 crore, which is 11.24% higher than the previous quarter and 22.51% more than last year. The company also reported a net profit of Rs 510 crore for this quarter.
However, technical indicators show that the MACD (Moving Average Convergence Divergence) is showing a bearish trend. This means that the stock might drop in price soon. The MACD is used to signal when to buy or sell stocks based on trends.
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