Divis Labs shares 0.49% as Sensex falls
<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. traded 0.49 per cent at Rs 6089.70 at 10:51AM (IST) on Tuesday, even as BSE benchmark Sensex 439.57 points to 77808.56.
The scrip had settled at Rs 6059.55 in the previous session. The stock quoted a 52-week high price of Rs 6448.75 and 52-week low of Rs 3350.05, respectively. As per BSE data, total traded volume on the counter till 10:51AM (IST) stood at 3698 shares with a turnover of Rs 2.24 crore.
At the current price, the stock traded at 88.20 times its trailing 12-month earnings per share of Rs 69.16 per share and 6.71 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.0009.
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