Rajoo Engineers (BOM: 522257) Shares Climb Over 1%, Rebounding from Lower Open
Mumbai: Shares of Rajoo Engineers Ltd (BOM: 522257) experienced upward momentum in early trading on the Bombay Stock Exchange (BSE) on Thursday, April 4th. The stock showed resilience, recovering from a slightly weaker opening.
As of 9:20 am IST, Rajoo Engineers was trading at 113.80 INR, marking a gain of 1.25 INR or 1.11% for the day. This positive move came after the stock opened the session at 111.85 INR, below its previous close of 112.55 INR.
Early trading data indicates the stock hit a day’s high of 113.80 INR, matching its current trading price, and touched a low of 111.00 INR shortly after the market opened. The price chart suggests a sharp climb from the morning’s low point.
From a valuation perspective, Rajoo Engineers currently holds a market capitalization of 1.85 Thousand Crore INR. The stock’s Price-to-Earnings (P/E) ratio stands at 63.65, and it offers a modest dividend yield of 0.082%.
Looking at the broader picture, the current price places the stock significantly below its 52-week high of 332.92 INR. However, it remains comfortably above its 52-week low of 77.51 INR, indicating considerable fluctuation over the past year. Investors are monitoring the stock’s performance following its recovery in today’s session.
