Concor Share Price: Concor shares drop 1.88% as Sensex falls

Shares of . traded 1.88 per cent down at Rs 690.55 at 01:14PM (IST) on Friday, even as BSE benchmark Sensex dropped 517.04 points to 59780.96.

The stock had closed at Rs 703.8 in the previous session. The stock quoted a 52-week high price of Rs 754.1 and 52-week low of Rs 554.1, respectively. As per BSE data, total traded volume on the counter till 01:14PM (IST) stood at 13910 shares with a turnover of Rs 0.97 crore.

At the prevailing price, the stock traded at 38.36 times its trailing 12-month EPS of Rs 17.94 per share and 3.81 times its price-to-book value, exchange data showed.

Smart Talk

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 0.88.

Shareholding Details

Promoters held 54.8 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.65 per cent and DIIs 13.1 per cent.


On the technical charts, the relative strength index (RSI) of the stock stood at 51.73. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a’buy’ or’sell’ recommendation using a single valuation ratio.

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