Kross Share Price Today: As of October 10th at 16:00, Kross shares are currently trading at ₹200, reflecting a 2.01% increase from the previous closing price. The broader market, represented by the Sensex, stands at ₹81,611.41, up by 0.18%. Throughout the trading day, Kross shares reached a high of ₹201.95 and fell to a low of ₹197.
Technical Analysis of Kross Shares
Examining the technical indicators, Kross stock is performing well, trading above the simple moving averages (SMA) for 5, 20, 50, 100, and 300 days, while it remains below the 10-day SMA. This suggests that while the stock has been on an upward trend in the long term, it faces some short-term resistance at the 10-day SMA. Investors should note that support levels are established at the longer-term SMAs – 5, 20, 50, 100, and 300 days – which could potentially provide stability during market fluctuations.
SMA Analysis
The SMA values, essential for understanding potential price movements, will be shared shortly to provide more insights into Kross’s performance. Analyzing these values can offer investors a clearer picture of the stock’s trajectory and assist in making informed decisions.
Investor Holdings Overview
Kross boasts a solid promoter holding of 67.70%, indicating strong internal support for the company. However, institutional involvement appears to be waning, with mutual funds (MF) holding decreasing from 0.61% in June to just 0.33% in the recent September quarter. Similarly, foreign institutional investors (FII) have reduced their stake from 6.83% to 5.93% over the same period. These trends may signal a shift in investor sentiment and could impact the stock’s future performance.
Recent Changes in MF Holdings
The reduction in mutual fund holdings from June to September is noteworthy, as it reflects a changing perception of Kross’s market position among institutional investors. This decline from 0.61% to 0.33% raises questions about the anticipated performance of the stock. Investors might want to monitor these holdings closely for any signs of repositioning by funds.
FII Holdings Analysis
Similarly, the decrease in foreign institutional investment from 6.83% to 5.93% raises concerns, suggesting a retreat from bullish positions in Kross shares. Understanding the motivations behind these changes is crucial, as it can lead to greater insights into the stock’s appeal on the international stage.
Kross Performance Compared to Peers
Today, Kross’s share price has risen by 2.01%, trading at ₹200, amidst a mixed performance from its industry peers. While Mankind Pharma is experiencing a decline, Jio Financial Services is gaining traction. Overall, the benchmark indices, including Nifty and Sensex, are also reflecting positive trends, up by 0.07% and 0.18% respectively. This mixed performance within its peer group, along with the upward movement in benchmark indices, can serve as a barometer for Kross’s resilience and potential for growth amidst varying market conditions.
