The stock opened at Rs 472.0 and touched an intraday high and low of Rs 475.4 and Rs 460.9, respectively, in the session so far. Shares of the company of Wheels India Ltd. quoted a 52-week high of Rs 820.95 and a 52-week low of Rs 284.15.
Total market cap of the Wheels India Ltd. stood at Rs 1111.78 crore at the time of writing this report.
Titan Europe sold 3,431,845 shares of Wheels India at Rs 427.60 per share, while IDFC Mutual Fund, HDFC Mutual Fund, Sundaram Finance Holdings, Indian Motor Parts & Access, Royal Sundaram Alliance Insurance Co bought the company’s shares at the same price.
The company reported consolidated net sales of Rs 588.61 crore for the quarter ended 31-Mar-2020, down 8.32 per cent from previous quarter’s Rs 642.01 crore and down 36.08 per cent from the year-ago quarter’s Rs 920.87 crore.
The net profit for latest quarter stood at Rs 3.41 crore, down 83.77 per cent from the corresponding quarter last year.
As of 31-Mar-2020, DIIs held 16.86 per cent stake in the firm, while foreign institutional investors held 0.06 per cent and the promoters 43.27 per cent.
According to BSE data, the stock traded at a price-to-earnings multiple of 22.59 and a price-to-book ratio of 1.62. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Wheels India Ltd. belongs to the Auto Ancl – Dr. Trans & Steer – Wheels industry.