Crompton Greaves shares drop 1.68% as Sensex rises
The stock quoted a 52-week high of Rs 327.8 and a 52-week low of Rs 251.25.
Shares of . traded 1.68 per cent lower in Wednesday's session at 01:54PM (IST). The stock opened at Rs 271.95 and has touched an intraday high and low of Rs 271.95 and Rs 265.25, respectively, during the session so far.The stock quoted a 52-week high of Rs 327.8 and a 52-week low of 251.25. About 72,440 shares changed hands on the counter so far.
Benchmark Nifty50 was up 178.0 points at 22182.7, while the BSE traded 619.44 points higher at 73089.74 at the time of writing of this report.
In the pack, 33 stocks traded the day in the green, while 16 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 1709.36 crore, down 4.88 per cent from the previous quarter's Rs 1797.15 crore and down 11.18 per cent from the year-ago quarter. The company reported net profit of Rs 85.99 crore for the latest quarter.
Promoter Holdings
Promoters held 2.54 per cent stake in the company as of 31-Dec-2023, while FIIs held 35.58 per cent and MFs 36.01 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 294.54 on March 27, while the 50-DMA was at Rs 290.72. 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.
Source: Stocks-Markets-Economic Times
