Aurobindo Pharma shares gain 1.25% as Sensex rises

Shares of Aurobindo Pharma Ltd. traded 1.25 per cent higher in Wednesday's session at 12:43PM (IST). The stock opened at Rs 651.0 and has touched an intraday high and low of Rs 666.0 and Rs 651.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 1063.75 and a 52-week low of 590.25. About 25,316 shares changed hands on the counter so far.

Benchmark Nifty50 was up 156.6 points at 17423.35, while the BSE Sensex traded 508.98 points higher at 58317.56 at the time of writing of this report.

In the Nifty pack, 41 stocks traded the day in the green, while 9 were in the red.


Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 6038.5 crore, up 4.41 per cent from the previous quarter's Rs 5783.29 crore and up 7.63 per cent from the year-ago quarter. The company reported net profit of Rs 696.99 crore for the latest quarter.

Promoter Holdings
Promoters held 51.83 per cent stake in the company as of 31-Dec-2021, while FIIs held 22.74 per cent and MFs 9.56 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 802.53 on February 09, while the 50-DMA was at Rs 686.58. 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.