Shares of Crompton Greaves rise as Nifty gains

economictimes.indiatimes.com:

Crompton Greaves Consumer Electricals Ltd. gained 2.29 per cent to Rs 475.65 in Friday's trade as of 11:27AM (IST). It hit a high of Rs 476.5 and low of Rs 465.35 during the session.
The stock quoted a 52-week high price of Rs 479.2 and a low of Rs 262.1. The return on equity for the stock stood at 15.04 per cent. About 41,487 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.82.
The scrip has been an outperformer, up 57.29 per cent in the past one year in comparison with a 25.13 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 262.1 on August 30, while the 50-DMA was at Rs 436.2. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 0.0 per cent stake in Crompton Greaves Consumer Electricals Ltd. as of 30-Jun-2024. Mutual funds and foreign institutional investors held 42.31 per cent and 34.36 per cent stake.