The stock quoted a 52-week high of Rs 2792.25 and a 52-week low of 2250.85. About 52,041 shares changed hands on the counter so far.
Benchmark Nifty50 was up 248.45 points at 21174.8, while the BSE Sensex traded 898.99 points higher at 70483.59 at the time of writing of this report.
In the Nifty pack, 35 stocks traded the day in the green, while 15 were in the red.
Key Financials
For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 3107.63 crore, down 5.79 per cent from the previous quarter’s Rs 3298.54 crore and down 2.83 per cent from the year-ago quarter. The company reported net profit of Rs 450.15 crore for the latest quarter.
Promoter Holdings
Promoters held 69.86 per cent stake in the company as of 30-Sep-2023, while FIIs held 11.44 per cent and MFs 3.57 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2495.34 on December 14, while the 50-DMA was at Rs 2466.56. 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.