Stocks

Crompton Greaves Share Price: Crompton Greaves shares drop 0.99% as Sensex falls

Shares of . traded 0.99 per cent lower in Thursday’s session at 01:04PM (IST). The stock opened at Rs 407.25 and has touched an intraday high and low of Rs 407.25 and Rs 402.45, respectively, during the session so far.

The stock quoted a 52-week high of Rs 512.05 and a 52-week low of 312.05. About 20,330 shares changed hands on the counter so far.

Benchmark Nifty50 was down 187.8 points at 17571.5, while the BSE Sensex traded 675.27 points lower at 58861.8 at the time of writing of this report.

Smart Talk



In the Nifty pack, 14 stocks traded the day in the green, while 36 were in the red.

Key Financials

For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 1873.35 crore, up 19.32 per cent from the previous quarter’s Rs 1570.07 crore and up 75.07 per cent from the year-ago quarter. The company reported net profit of Rs 121.01 crore for the latest quarter.


Promoter Holdings

Promoters held 5.94 per cent stake in the company as of 30-Jun-2022, while FIIs held 48.16 per cent and MFs 32.58 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 391.4 on September 01, while the 50-DMA was at Rs 376.87. 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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