Pocl Enterprises Shares Plunge Over 4% Despite Higher Opening
Mumbai: Shares of Pocl Enterprises Ltd (BOM: 539195) experienced a sharp decline in early trading on the Bombay Stock Exchange (BSE) on Thursday, April 4th. The stock fell significantly, erasing initial gains made at the market open.
As of 9:52 am IST, Pocl Enterprises was trading at 248.50 INR. This represents a substantial drop of 11.00 INR, or 4.24%, compared to its previous closing price of 259.50 INR.
The stock initially opened the session lower at 257.00 INR, which also served as its day’s high. However, it quickly succumbed to selling pressure, tumbling to a day’s low of 242.00 INR before staging a partial recovery to its current level.
From a financial standpoint, Pocl Enterprises currently has a market capitalization of 692.82 Crore INR. The stock’s Price-to-Earnings (P/E) ratio is reported at 24.60, and it offers a dividend yield of 0.20%.
Looking at the annual range, the current price places the stock below its 52-week high of 264.90 INR, which it was trading close to previously. It remains significantly above its 52-week low of 56.66 INR. Investors are closely monitoring the counter following this sharp downward move and early volatility.
