As of October 8, 2023, at 16:00, Ecos India Mobility shares are trading at ₹465.85, reflecting a decline of 0.86% from the previous closing price. In contrast, the broader market indices demonstrated a positive trend, with the Sensex trading at ₹81,634.81, up by 0.72%. Throughout the trading session, Ecos India Mobility experienced a high of ₹471.55 and a low of ₹455.05, indicating some volatility in its stock performance.
Technical Analysis
From a technical perspective, Ecos India Mobility’s stock is currently located above the 50-day, 100-day, and 300-day Simple Moving Averages (SMA), whereas it remains below the 5-day, 10-day, and 20-day SMAs. This indicates that while the stock may be on a longer-term upward trend, it faces short-term resistance at these shorter moving averages. Investors should watch for support at the longer-term SMA levels and resistance at the shorter-term SMA levels as potential indicators of future price movements.
SMA Values
The specific SMA values for Ecos India Mobility stock will be crucial for investors to understand the stock’s price movements better. Generally, SMA values help traders identify potential entry or exit points based on the stock’s past performance.
Ownership and Holdings
As of the September quarter filings, Ecos India Mobility boasts a promoter holding of 67.75%. Additionally, the Mutual Fund (MF) holding stands at a mere 0.09%, while Foreign Institutional Investors (FII) hold 4.29%. The ownership structure suggests that the company is largely controlled by its promoters, indicating a potentially stable governance model.
FII Holdings Update
There has been a notable change in the FII holding over recent months. The FII holding has shifted from
Market Context
Ecos India Mobility’s share price decline of 0.86% occurs amidst a mixed performance from its peers. While some competitors are seeing losses today, notable peers such as Jio Financial Services and Mankind Pharma are experiencing gains. Overall, benchmark indices like Nifty and Sensex are showing strength, with increases of 0.88% and 0.72%, respectively. This broader market context provides a backdrop for evaluating the performance of Ecos India Mobility within the current trading environment.
