Shares of Crompton Greaves Consumer Electricals Ltd. traded 0.07 per cent lower in Wednesday’s session at 01:54PM (IST). The stock opened at Rs 407.7 and has touched an intraday high and low of Rs 416.0 and Rs 407.7, respectively, during the session so far.
The stock quoted a 52-week high of Rs 512.05 and a 52-week low of 342.65. About 28,969 shares changed hands on the counter so far.
Benchmark Nifty50 was up 106.9 points at 16877.75, while the BSE Sensex traded 339.43 points higher at 56658.44 at the time of writing of this report.
In the Nifty pack, 37 stocks traded the day in the green, while 13 were in the red.
Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 1401.99 crore, up 31.02 per cent from the previous quarter’s Rs 1070.08 crore and up 13.99 per cent from the year-ago quarter. The company reported net profit of Rs 158.81 crore for the latest quarter.
Promoter Holdings
Promoters held 5.99 per cent stake in the company as of 30-Sep-2021, while FIIs held 51.19 per cent and MFs 30.77 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 434.08 on December 22, while the 50-DMA was at Rs 451.23. 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.
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