Crompton Greaves shares gain 0.52% as Sensex falls
Crompton Greaves Consumer Electricals Ltd. traded 0.52 per cent higher in Friday's session at 12:47PM (IST). The stock opened at Rs 425.75 and has touched an intraday high and low of Rs 436.6 and Rs 423.1, respectively, during the session so far.
The stock quoted a 52-week high of Rs 436.6 and a 52-week low of 262.1. About 50,747 shares changed hands on the counter so far.
Benchmark Nifty50 was down 115.46 points at 23451.55, while the BSE Sensex traded 501.28 points lower at 76977.65 at the time of writing of this report.
In the Nifty pack, 22 stocks traded the day in the green, while 28 were in the red.
Key Financials For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 1977.04 crore, up 15.66 per cent from the previous quarter's Rs 1709.36 crore and up 9.37 per cent from the year-ago quarter. The company reported net profit of Rs 138.36 crore for the latest quarter.
Promoter Holdings Promoters held 2.54 per cent stake in the company as of 31-Mar-2024, while FIIs held 32.18 per cent and MFs 40.21 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 310.73 on June 21, while the 50-DMA was at Rs 359.32. 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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