ReutersThe stock quoted a 52-week high of Rs 432.8 and a 52-week low of 132.55. About 449,721 shares changed hands on the counter so far.
Benchmark Nifty50 was down 42.1 points at 18213.7, while the BSE Sensex traded 177.53 points lower at 61571.72 at the time of writing of this report.
In the Nifty pack, 36 stocks traded the day in the green, while 14 were in the red.
Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 8290.21 crore, down 1.84 per cent from the previous quarter's Rs 8445.99 crore and down 48.21 per cent from the year-ago quarter. The company reported net profit of Rs 8.77 crore for the latest quarter.
Promoter Holdings
Promoters held 74.97 per cent stake in the company as of 31-Mar-2023, while FIIs held 11.7 per cent and MFs 0.01 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 288.42 on May 05, while the 50-DMA was at Rs 190.69. 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.
Friday, 05 May, 2023- Front Page
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- Wadias may Seek IBC Rule Waiver to Bid for Go First
The Wadia Group, which owns Go First Airlines, could seek a waiver from the Insolvency and Bankruptcy Code (IBC) rules that bar promoters from bidding for their own companies because the cash-strapped carrier’s account with banks is still marked as standard, said people with knowledge of the matter.
No Big-Bang Rejig; Will Rationalise Costs and ReinvestThe newly inducted chief of Cognizant Ravi Kumar S has a clear brief. The 48-year-old has been tasked with reviving the fortunes of the US-based software exporter that has grown slower than peers and seen an exodus of senior leaders. It is a challenge that Kumar is betting the firm can overcome with its “entrepreneurial spirit”.
D-Street Indices Climb to 2023 PeakIndia’s primary equity gauges surged nearly 1% Thursday to their highest this year, and to within a touching distance of all-time records, as Mumbai shrugged off the weakness evident in Europe and parts of Asia over continued uncertainty surrounding the US Federal Reserve's future interest-rate trajectory.
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