Crompton Greaves shares drop 0.83% as Sensex rises

Shares of Crompton Greaves Consumer Electricals Ltd. traded 0.83 per cent lower in Thursday's session at 01:35PM (IST). The stock opened at Rs 373.65 and has touched an intraday high and low of Rs 373.65 and Rs 363.6, respectively, during the session so far.

The stock quoted a 52-week high of Rs 461.85 and a 52-week low of 312.05. About 15,838 shares changed hands on the counter so far.

Benchmark Nifty50 was up 102.6 points at 18369.85, while the BSE Sensex traded 351.03 points higher at 61861.61 at the time of writing of this report.

In the Nifty pack, 35 stocks traded the day in the green, while 14 were in the red.


Key Financials
For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 1717.8 crore, down 8.3 per cent from the previous quarter's Rs 1873.35 crore and down 22.53 per cent from the year-ago quarter. The company reported net profit of Rs 125.79 crore for the latest quarter.

Promoter Holdings
Promoters held 2.54 per cent stake in the company as of 30-Sep-2022, while FIIs held 48.16 per cent and MFs 33.13 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 377.54 on November 24, while the 50-DMA was at Rs 382.9. 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.