Crompton Greaves shares drop 0.9% as Sensex falls
Crompton Greaves Consumer Electricals Ltd. traded 0.9 per cent lower in Friday's session at 01:33PM (IST).
The stock opened at Rs 286.05 and has touched an intraday high and low of Rs 288.5 and Rs 285.1, respectively, during the session so far. The stock quoted a 52-week high of Rs 428.8 and a 52-week low of 251.25.
About 30,153 shares changed hands on the counter so far. Benchmark Nifty50 was down 125.65 points at 19371.65, while the BSE Sensex traded 396.24 points lower at 65389.4 at the time of writing of this report.
In the Nifty pack, 7 stocks traded the day in the green, while 43 were in the red.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 1807.73 crore, up 17.58 per cent from the previous quarter's Rs 1537.51 crore and up 15.14 per cent from the year-ago quarter. The company reported net profit of Rs 131.16 crore for the latest quarter.Promoter Holdings Promoters held 2.54 per cent stake in the company as of 31-Mar-2023, while FIIs held 39.64 per cent and MFs 33.18 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 322.66 on July 07, while the 50-DMA was at Rs 273.82.
If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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