Shares of the company fell as much as 5.4% to Rs 3,500 apiece, the lowest level since April 22. It erased losses to trade 0.12% higher at Rs 3,704.40 apiece as of 11:14 a.m. This compares to a 0.18% advance in the NSE Nifty 50 Index.
The stock has risen 4.77% on a year-to-date basis and 29.69% in the last 12 months. Total traded volume so far in the day stood at 0.30 times its 30-day average. The relative strength index was at 46.10.
Out of five analysts tracking the company, three maintain a ‘buy’ rating, one recommends a ‘hold,’ and one suggests a ‘sell,’ according to Bloomberg data. The average 12-month consensus price target implies an upside of 7.7%.