Bandipur Cable Car and Tourism Ltd saw its stock fall sharply today. The last traded price was Rs. 765, down Rs. 27. The stock opened at Rs. 792 and even touched Rs. 795 before slipping to a low of Rs. 760.7.
Investors were still active. Around 90,600 units were traded across 8,674 transactions, generating a turnover of over Rs. 7 crore.
The company’s earnings per share (EPS) is just 0.38. Its P/E ratio is a whopping 2027.89, showing the stock is priced far above its earnings. The price-to-book value (PBV) is 8.09, meaning investors are paying way more than the company’s net assets.
Market depth shows strong buying interest. Buyers demanded 60,618 units (71%), while sellers offered only 24,720 units (29%). Even with this demand, prices slipped – hinting that some sellers were ready to exit at lower levels.
Over the past year, the stock gave a massive 145.81% return. But today’s dip suggests investors are taking profits and the market is correcting itself.
So, sell or hold?
Bandipur Cable Car is still a high-value, actively traded stock. If you are risk-averse, the high P/E and recent price drop may make holding risky. But if you can tolerate volatility, buyers are still active, suggesting potential for recovery. The stock is likely to remain volatile in the near future.
