Shares Drop 12% As Profit Declines Sharply In Q3


Shares declined 10.40% as of 1:15 p.m., to Rs 3,417.3 apiece and the stock rose as much as 12.13% intraday. Total traded volume stood at 11.1 times its 30-day average. The relative strength index at 14 implies that the stock may be oversold.

Out of the 24 analysts tracking the company, 14 maintain a ‘buy’ rating, six recommend a ‘hold,’ and four suggest to ‘sell’ the stock.

The return potential, as calculated by the consensus of analyst estimates, stands at an upside of 33.7% over the next 12 months.


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