Divis Labs stock price 2.63 per cent as Sensex

Shares of Divi’s Laboratories Ltd. 2.63 per cent to Rs 5740.10 at 01:39PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 6,459 shares with a turnover of Rs 3.71 crore till 01:39PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 90.51, while the price-to-book value ratio stood at 6.71.

Return on equity (ROE) was at 11.78 per cent, according to exchange data. The stock hit an intraday high of Rs 5916.95 and a low of Rs 5684.05 during the session and quoted a 52-week high price of Rs 6276.20 and a 52-week low of Rs 3300.00.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.0009.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 4456.61 on November 05, while the 50-DMA was at Rs 5559.15. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 48.74. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Sep-2024, promoters held 51.89 per cent stake in the company, while foreign institutional investors held 17.25 per cent and domestic institutional investors had 20.98 per cent.