Concor shares drop 4.41% as Sensex falls

Shares of . traded 4.41 per cent lower in Wednesday's session at 01:50PM (IST). The stock opened at Rs 722.9 and has touched an intraday high and low of Rs 727.65 and Rs 691.3, respectively, during the session so far.

The stock quoted a 52-week high of Rs 754.1 and a 52-week low of 554.1. About 24,825 shares changed hands on the counter so far.

Benchmark Nifty50 was down 67.0 points at 17278.45, while the BSE Sensex traded 128.66 points lower at 58007.7 at the time of writing of this report.

In the Nifty pack, 12 stocks traded the day in the green, while 38 were in the red.


Key Financials
For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 2128.56 crore, up 6.74 per cent from the previous quarter's Rs 1994.18 crore and up 4.86 per cent from the year-ago quarter. The company reported net profit of Rs 257.56 crore for the latest quarter.

Promoter Holdings
Promoters held 54.8 per cent stake in the company as of 30-Jun-2022, while FIIs held 23.65 per cent and MFs 13.1 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 640.35 on August 03, while the 50-DMA was at Rs 650.86. 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.