Divis Labs shares 0.8% as Sensex rises
<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 0.8 per cent at Rs 5980.40 at 10:20AM (IST) on Thursday, even as BSE benchmark Sensex 4.28 points to 81530.42. The stock had closed at Rs 5932.50 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 6448.75 and Rs 3350.05, respectively.
As per BSE data, total traded volume on the counter till 10:20AM (IST) stood at 10:20AM shares with turnover at Rs 3.42 crore.
At the prevailing price, shares of the company trades at 86.68 times its trailing 12-month EPS 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 is the measure of the price that investors are ready to pay even for no growth in the business.
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