Shares of CG Consumer fall as Nifty gains

Shares of Crompton Greaves Consumer Electricals Ltd. slipped 0.9 per cent to Rs 419.8 in Tuesday's trade as of 01:34PM (IST). It hit a high of Rs 430.7 and low of Rs 418.4 during the session.

The stock quoted a 52-week high price of Rs 512.05 and a low of Rs 350.35. The return on equity for the stock stood at 34.86 per cent. About 17,505 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.82.


The scrip has been an underperformer, up 0.86 per cent in the past one year in comparison with a 26.43 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 350.35 on February 01, while the 50-DMA was at Rs 432.36. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 0.0 per cent stake in Crompton Greaves Consumer Electricals Ltd. as of 31-Dec-2021. Mutual funds and foreign institutional investors held 31.06 per cent and 40.17 per cent stake.