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    Share price of Aurobindo Pharma falls as Nifty weakens

    Synopsis

    A total of 40,109 shares changed hands on the counter till 02:04PM (IST).

    NiftyGetty Images
    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    Shares of Aurobindo Pharma Ltd. slipped 0.84 per cent to Rs 506.65 in Tuesday's trade as of 02:04PM (IST). The stock hit a high price of Rs 511.85 and low of Rs 498.7 during the session.

    The return on equity (ROE) for the stock stood at 10.77 per cent. Traded volume on the counter stood at 02:04PM shares and turnover at Rs 2.01 crore around that time. The stock of Aurobindo Pharma Ltd. quoted a 52-week high price of Rs 726.0 and 52-week low prices of Rs 397.3, respectively.

    The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.06.

    Promotor/FII Holding
    Promoters held 48.76 per cent stake in the company as of 31-Dec-2022, while FIIs held 22.32 per cent and domestic institutional investors had 7.5 per cent.

    Key Financials
    The company reported consolidated sales of Rs 6499.78 crore for the quarter ended 31-Dec-2022, up 12.13 per cent from previous quarter's Rs 5796.56 crore and up 7.13 per cent from the year-ago quarter's Rs 6067.21 crore. Net profit after tax for the latest quarter stood at Rs 491.26 crore, down 18.76 per cent from the same quarter a year ago.

    Technicals
    The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
    It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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