Banking and finance

Share price of CG Consumer falls as Nifty strengthens

Shares of Crompton Greaves Shopper Electricals Ltd. slipped 0.79 per cent to Rs 478.25 in Thursday’s commerce as of 01:31PM (IST). The inventory hit a excessive value of Rs 488.65 and low of Rs 477.1 throughout the session.

The return on fairness (ROE) for the inventory stood at 34.86 per cent. Traded quantity on the counter stood at 01:31PM shares and turnover at Rs 0.71 crore round that point. The inventory of Crompton Greaves Shopper Electricals Ltd. quoted a 52-week excessive value of Rs 512.05 and 52-week low costs of Rs 260.2, respectively.

The inventory’s Beta worth, which measures its volatility in relation to the broader market, stood at 0.82.

Promotor/FII Holding

Promoters held 0.0 per cent stake within the firm as of 30-Jun-2021, whereas international buyers held 40.14 per cent and home institutional buyers had 31.48 per cent.

Key Financials

The corporate reported consolidated gross sales of Rs 1070.08 crore for the quarter ended 30-Jun-2021, down 30.63 per cent from earlier quarter’s Rs 1542.65 crore and down 44.86 per cent from the year-ago quarter’s Rs 738.68 crore. Web revenue after tax for the newest quarter stood at Rs 94.76 crore, up 26.68 per cent from the identical quarter a 12 months in the past.


Technicals
The MACD signalled a bearish bias on the counter. The MACD is understood for signalling development reversals in traded securities or indices.

It’s the distinction between the 26-day and 12-day exponential shifting averages. A nine-day exponential shifting common, referred to as the sign line, is plotted on topof the MACD to mirror “purchase” or “promote” alternatives. When the MACD crosses under the sign line, it provides a bearish sign, indicating that the worth of the safety might even see a downward motion and vice versa.


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