Crompton Greaves shares drop 0.01% as Sensex rises
The stock quoted a 52-week high of Rs 327.8 and a 52-week low of Rs 252.1.
Shares of . traded 0.01 per cent lower in Monday's session at 12:43PM (IST). The stock opened at Rs 316.15 and has touched an intraday high and low of Rs 316.15 and Rs 311.85, respectively, during the session so far.The stock quoted a 52-week high of Rs 327.8 and a 52-week low of 252.1. About 31,861 shares changed hands on the counter so far.
Benchmark Nifty50 was up 145.1 points at 22565.05, while the BSE traded 658.66 points higher at 74388.82 at the time of writing of this report.
In the pack, 32 stocks traded the day in the green, while 18 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-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 295.09 on April 29, while the 50-DMA was at Rs 287.85. 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
