Aurobindo Pharma shares drop 1.68% as Sensex falls

Shares of Aurobindo Pharma Ltd. traded 1.68 per cent lower in Monday's session at 11:38AM (IST). The stock opened at Rs 447.05 and has touched an intraday high and low of Rs 455.6 and Rs 445.7, respectively, during the session so far.

The stock quoted a 52-week high of Rs 730.0 and a 52-week low of 397.3. About 12,653 shares changed hands on the counter so far.

Benchmark Nifty50 was down 54.1 points at 17358.8, while the BSE Sensex traded 186.14 points lower at 58948.99 at the time of writing of this report.

In the Nifty pack, 17 stocks traded the day in the green, while 33 were in the red.


Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 6499.78 crore, up 12.13 per cent from the previous quarter's Rs 5796.56 crore and up 7.13 per cent from the year-ago quarter. The company reported net profit of Rs 491.26 crore for the latest quarter.

Promoter Holdings
Promoters held 51.83 per cent stake in the company as of 31-Dec-2022, while FIIs held 22.31 per cent and MFs 7.5 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 501.24 on March 13, while the 50-DMA was at Rs 446.66. 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.