The last time I looked at the Coffee Day share price, it was higher than the 5-day, 20-day, 50-day, and 100-day moving averages, but lower than the 200-day moving averages. The price-to-equity (P/E) ratio of the company’s stock is 240.76, which is less than 1. The price-to-book (P/B) ratio for this item is 0.24.
The price of Coffee Day shares: The scrip has a one-year beta of 1.49, which means that the counter is very volatile.
In early trading on Monday, shares of Coffee Day Enterprises Ltd went up by almost 17%. The stock rose 16.75% from its previous close of Rs 34.10 to reach a day high of Rs 39.81. Today, 8.53 million shares changed hands on BSE, which was more than four times the usual volume of 2.01 million shares over the past two weeks. The counter’s sales were worth Rs 3.28 crore, and its market capitalization (m-cap) was worth Rs 833.60 crore. Today, there were 2,09,205 orders to sell and 96,192 orders to buy.
At today’s high price of Rs 39.81, the stock was trading 50.80% above its 52-week low of Rs 26.40, which happened on March 28 of this year. Still, it has gone down 45.84% since September 14, 2022, when it reached Rs 73.50, which was its highest price in a year.
The stock was last trading higher than its 5-day, 20-day, 50-day, and 100-day moving averages, but lower than its 200-day moving average. The price-to-equity (P/E) ratio of the company’s stock is 240.76, which is less than 1. The price-to-book (P/B) ratio for this item is 0.24.
The scrip has a one-year beta of 1.49, which means that the counter is very volatile.
“Before the Q4 FY23 (March 2023 quarter) results, the stock price of Coffee Day has increased and is currently encountering heavy resistance at Rs 39.50 on the daily charts. Since the stock price is now in the “overbought” zone, investors should take their gains now or keep a strict stop loss at Rs 35.50, said AR Ramachandran from Tips2trades.
Coffee Day Enterprises buys and sells coffee beans as its main business. The company owns and runs a property and also works as a consultant. It is also in the coffee business, which includes buying, preparing, and roasting coffee beans, as well as selling coffee to people in the country and around the world.
As of March 2023, the founders of the company owned 9.59% of it.
At the same time, Indian market benchmarks were trading higher at the start of the day, with gains in financial, consumer, and technology stocks leading the way. At 62,243, the 30-stock BSE Sensex pack was up 215 points, or 0.35 percent, and the wider NSE Nifty index was up 55 points, or 0.30 percent, at 18,370.
