Shares of . traded 4.31 per cent lower in Wednesday’s session at 02:03PM (IST). The stock opened at Rs 436.5 and has touched an intraday high and low of Rs 436.5 and Rs 416.75, respectively, during the session so far.
The stock quoted a 52-week high of Rs 730.0 and a 52-week low of 416.75. About 72,304 shares changed hands on the counter so far.
Benchmark Nifty50 was down 192.6 points at 17925.7, while the BSE Sensex traded 652.56 points lower at 60326.19 at the time of writing of this report.
In the Nifty pack, 9 stocks traded the day in the green, while 41 were in the red.
Key Financials
For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 5796.56 crore, down 7.65 per cent from the previous quarter’s Rs 6276.54 crore and down 4.01 per cent from the year-ago quarter. The company reported net profit of Rs 409.45 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 526.85 on January 25, while the 50-DMA was at Rs 449.98. 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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