Shares of Crompton Greaves fall as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 294.84.
Shares of . slipped 1.41 per cent to Rs 271.3 in Monday's trade as of 01:09PM (IST). It hit a high of Rs 278.5 and low of Rs 268.5 during the session.The stock quoted a 52-week high price of Rs 327.8 and a low of Rs 251.25. The return on equity for the stock stood at 18.38 per cent. About 38,869 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 underperformer, down 5.47 per cent in the past one year in comparison with a 24.98 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 251.25 on March 18, while the 50-DMA was at Rs 297.02. 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 . as of 31-Dec-2023. Mutual funds and foreign institutional investors held 36.01 per cent and 35.58 per cent stake.
Source: Stocks-Markets-Economic Times
