Shares of & Finance Company Ltd. traded 0.29 per cent up at Rs 744.75 at around 01:20PM (IST) on Wednesday. The stock had closed at Rs 746.9 in the previous session. Equity benchmark Sensex traded 120.49 points higher at 59081.09 around the same time.

The scrip has climbed 22.34 per cent in the last one year till date, while the 30-share index has -3.62 per cent during the same period.

The stock’s 52-week high price stood at Rs 817.95 and the 52-week low price at Rs 469.75.

Trading volume on the counter stood at 9,514 shares, while it quoted a price-to-earnings ratio of 25.63, an EPS value of 29.06 and a price-to-book value of 5.01. In the Nifty50 pack, 21 stocks were traded in the green, while 29 stocks were in the red.

Promoter/FII Holding
Promoters held 51.52 per cent stake in the company as of 30-Jun-2022, while overseas investor and mutual funds’ ownership stood at 20.22 per cent and 19.2 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 2795.91 crore, up 5.24 per cent from the previous quarter’s Rs 2656.63 crore and up 12.65 per cent from the year-ago quarter’s Rs 2481.91 crore. The company reported net profit of Rs 562.01 crore for the latest quarter.

Technical Indicators

The MACD signaled a bullish bias on the counter. The MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.


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By Dipak

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