The stock quoted a 52-week high of Rs 27284.85 and a 52-week low of 21433.25. About 94 shares changed hands on the counter so far.
Benchmark Nifty50 was up 195.05 points at 19638.6, while the BSE Sensex traded 619.49 points higher at 65553.36 at the time of writing of this report.
In the Nifty pack, 45 stocks traded the day in the green, while 5 were in the red.
Key Financials
For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 4932.11 crore, down 5.77 per cent from the previous quarter’s Rs 5233.9 crore and down 17.5 per cent from the year-ago quarter. The company reported net profit of Rs 446.63 crore for the latest quarter.
Promoter Holdings
Promoters held 62.55 per cent stake in the company as of 30-Sep-2023, while FIIs held 12.22 per cent and MFs 7.68 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 25035.22 on November 15, while the 50-DMA was at Rs 26048.82. 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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