Trending stocks: Rossari Biotech shares down over 3%

NEW DELHI: Shares of Rossari Biotech Ltd. traded 3 per cent down in Monday's trade at 10:40AM (IST). Around 536,785 shares changed hands on the counter.

The stock opened at Rs 736 and touched an intraday high and low of Rs 738 and Rs 681.05, respectively, in the session so far. The stock of Rossari Biotech Ltd. quoted a 52-week high of Rs 804.0 and a 52-week low of Rs 663.

Total market cap of the Rossari Biotech Ltd. stood at Rs 3666.21 crore at the time of writing this report.


Shareholding pattern
As of 22-Jul-2020, DIIs held 5.21 per cent stake in the company, while foreign institutional investors held 4.68 per cent and the promoters 72.69 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 0.0 and a price-to-book ratio of 2.5. 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.

Rossari Biotech Ltd. belongs to the Others - Not Mentioned industry.