Crompton Greaves Share Price: Crompton Greaves shares gain 0.24% as Sensex rises

Shares of . traded 0.24 per cent higher in Wednesday’s session at 01:34PM (IST). The stock opened at Rs 317.8 and has touched an intraday high and low of Rs 320.55 and Rs 313.7, respectively, during the session so far.

The stock quoted a 52-week high of Rs 512.05 and a 52-week low of 313.7. About 12,405 shares changed hands on the counter so far.

Benchmark Nifty50 was up 7.4 points at 15739.50, while the BSE Sensex traded 31.02 points higher at 52724.59 at the time of writing of this report.

In the Nifty pack, 29 stocks traded the day in the green, while 19 were in the red.

Key Financials

For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 1570.07 crore, up 10.21 per cent from the previous quarter’s Rs 1424.63 crore and up 1.78 per cent from the year-ago quarter. The company reported net profit of Rs 176.55 crore for the latest quarter.

Promoter Holdings

Promoters held 5.94 per cent stake in the company as of 31-Mar-2022, while FIIs held 48.58 per cent and MFs 32.08 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 418.32 on June 15, while the 50-DMA was at Rs 359.46. 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.