Latest Stock Market News

Prashant Jain said the market would stabilise in the short term if sanctions on Russia are not harsh.

After shedding around 1.5 per cent against the US dollar on Thursday, the rupee regained some ground on Friday as domestic equity markets bounced back after a brutal selloff and as traders pinned their hopes on the Reserve Bank of India expending some of its formidable foreign exchange reserves.

Promoters held 37.4 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 18.16 per cent and 0.02 per cent, respectively.

The stock quoted a 52-week high price of Rs 604.0 and a 52-week low of Rs 331.25.

“Yesterday was the first time when the entire retail trader universe actually believed that markets can actually fall. Till that time, there was a belief that Indian markets will not fall. They will just keep on bouncing back. People should be cautious. They should invest very slowly if they have to at all. ”

Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 25466.99 Crore) operating in Consumer Durables sector.

A total of 534,726 shares changed hands on the counter till 11:52AM (IST).

The rupee, which has weakened by around 1.2 per cent versus the US dollar so far in the calendar year, slumped past the psychologically significant 75/$1 mark.

Musk sold more than $16 billion worth shares since early November when he polled Twitter users about offloading 10 per cent of his stake in the electric-car maker.

On the technical charts, the RSI of the stock stood at 54.18.