The Economic Times daily newspaper is available online now.

    Shares of Aurobindo Pharma as Nifty drops

    Synopsis

    On the technical charts, the 200-day moving average of the stock stood at Rs 607.39.

    stock-market-124-gettyGetty Images
    Shares of Aurobindo Pharma Ltd. 0.0 per cent to Rs 502.95 in Wednesday's trade as of 11:26AM (IST). It hit a high of Rs 505.15 and low of Rs 499.0 during the session.

    The stock quoted a 52-week high price of Rs 751.45 and a low of Rs 494.75. The return on equity for the stock stood at 10.77 per cent. About 17,440 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 1.06.

    The scrip has been an underperformer, down 30.61 per cent in the past one year in comparison with a 5.04 per cent fall in Sensex.

    Technicals
    On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 494.75 on September 28, while the 50-DMA was at Rs 548.55. 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 48.76 per cent stake in Aurobindo Pharma Ltd. as of 30-Jun-2022. Mutual funds and foreign institutional investors held 9.82 per cent and 20.71 per cent stake.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in