Divis Labs shares gain 0.26% as Sensex falls
<a href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. traded 0.26 per cent higher in Wednesday's session at 12:17PM (IST). The stock opened at Rs 5074.25 and has touched an intraday high and low of Rs 5085.0 and Rs 5020.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 5149.6 and a 52-week low of 3300.0. About 1,144 shares changed hands on the counter so far.
Benchmark Nifty50 was down 143.8 points at 25136.05, while the BSE Sensex traded 384.12 points lower at 82171.32 at the time of writing of this report.
In the Nifty pack, 11 stocks traded the day in the green, while 39 were in the red.
Key Financials For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 2197.0 crore, down 7.77 per cent from the previous quarter's Rs 2382.0 crore and down 18.18 per cent from the year-ago quarter. The company reported net profit of Rs 430.0 crore for the latest quarter.
Promoter Holdings Promoters held 51.9 per cent stake in the company as of 30-Jun-2024, while FIIs held 16.16 per cent and MFs 13.1 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 4056.22 on September 04, while the 50-DMA was at Rs 4744.9. 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
