CG Consumer share price: CG Consumer shares gain 0.15% as Sensex rises

Shares of Crompton Greaves Consumer Electricals Ltd. traded 0.15 per cent higher in Thursday’s session at 10:57AM (IST). The stock opened at Rs 474.2 and has touched an intraday high and low of Rs 477.2 and Rs 470.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 498.0 and a 52-week low of 246.35. About 8,379 shares changed hands on the counter so far.

Benchmark Nifty50 was up 51.65 points at 16333.90, while the BSE Sensex traded 170.53 points higher at 54696.46 at the time of writing of this report.

In the Nifty pack, 36 stocks traded the day in the green, while 13 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 1070.08 crore, down 30.63 per cent from the previous quarter’s Rs 1542.65 crore and down 44.86 per cent from the year-ago quarter. The company reported net profit of Rs 94.76 crore for the latest quarter.


Promoter Holdings

Promoters held 5.99 per cent stake in the company as of 30-Jun-2021, while FIIs held 50.45 per cent and MFs 31.48 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 388.21 on August 12, while the 50-DMA was at Rs 444.16. 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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