Current Performance of Kross Shares
As of September 30 at 1:00 PM, Kross shares are trading at ₹210.45, reflecting a decline of 5.2% from the previous closing price. In comparison, the broader market is also facing downward pressure with the Sensex trading at ₹84,595.12, marking a decrease of 1.14%. Throughout the day, Kross stock recorded a high of ₹214.65 and dropped to a low of ₹207.50.
Technical Analysis
From a technical perspective, Kross is performing above the Simple Moving Averages (SMA) for 10, 20, 50, 100, and 300 days, indicating a generally positive long-term trend. However, it is currently trading below the 5-day SMA, suggesting short-term weakness. Investors should note that the stock has support at the 10, 20, 50, 100, and 300-day SMAs, while the resistance level is found at the 5-day SMA.
SMA Overview
The following table summarizes the Simple Moving Averages for Kross:
| Time Period | SMA Value |
|---|---|
| 5 Days | ₹[value] |
| 10 Days | ₹[value] |
| 20 Days | ₹[value] |
| 50 Days | ₹[value] |
| 100 Days | ₹[value] |
| 300 Days | ₹[value] |
Ownership Structure
As of the September quarter, Kross maintains a strong promoter holding of 67.70%, indicating significant insider confidence in the company. The Mutual Fund (MF) holding stands at a modest 0.61%, while Foreign Institutional Investors (FII) hold about 6.83% of the shares. The FII holding has seen a change from
Market Context
Today, Kross shares are experiencing a decline of 5.2%. This downturn is mirrored across the sector, with peers like Jio Financial Services and Mankind Pharma also witnessing price decreases. Despite the mixed results among competitors, overall market indices are trending downward, with Nifty and Sensex showing declines of 1.07% and 1.14%, respectively. Consequently, investors should approach Kross shares with an awareness of both the stock’s technical indicators and the broader market environment.
