The stock market recently witnessed some turbulence, with major benchmark indices like Nifty and Sensex showing a downward trend. In this context, Kross has managed to create a niche for itself, demonstrating notable resilience despite a dip in its share price. On the last trading day, Kross saw a decline of 4.66%, yet outperformed the broader market indices, which were also in the red.
| Kross Share Price Performance |
|---|
| Market Indices Performance |
| Technical Analysis |
| Fundamental Analysis |
| Shareholding Details |
| Peer Comparison |
| Conclusion |
Kross Share Price Performance
The latest trading session for Kross saw its share price decline by 4.66%. The stock opened at ₹172.25 and closed at ₹162.65, marking a noticeable fall through the day. The highest price recorded was ₹172.25, while the lowest dipped to ₹162.50, reflecting the volatility in the market and investor sentiment.
Currently, Kross shares are trading at ₹162.65, down by 4.66% compared to the previous closing price.
Market Indices Performance
In comparison to Kross, the major benchmark indices also faced declines. The Nifty index decreased by 0.64%, while the Sensex experienced a dip of 0.53%. This overall market downtrend may also be influencing investor behavior across sectors.
Technical Analysis
Technical indicators show that Kross shares are currently trading above the 50, 100, and 300-day Simple Moving Averages (SMA) while falling below the 5, 10, and 20-day SMAs. This suggests that while there is some long-term strength, short-term resistance appears to be a concern. The current support levels are established at the 50, 100, and 300-day SMAs, with resistance noted at the 5, 10, and 20-day SMAs.
Fundamental Analysis
From a fundamental metrics perspective, Kross stands strong with a Return on Equity (ROE) of 36.06%. This indicates effective management and solid profitability in generating returns on shareholder equity.
Shareholding Details
In terms of shareholding structure, Kross had 0.00% promoter holding and only 0.33% mutual fund (MF) holding as of the September quarter. Notably, this reflects a drop from 0.61% in June, suggesting diminishing interest among mutual fund investors. Similarly, Foreign Institutional Investor (FII) holding decreased from 6.83% in June to 5.93% in the September quarter, indicating a cautious approach from international investors.
Peer Comparison
When assessing Kross shares in relation to its peers, the current trading price of ₹162.65 shows a mixed landscape. For instance, Jio Financial Services is witnessing a decline, while Mankind Pharma is experiencing gains. This suggests a bifurcation in sector performance, further complicating investor decisions.
Conclusion
In summary, while Kross share price has dipped by 4.66%, its performance is positioning it favorably against benchmark indices like Nifty and Sensex, which were down by 0.64% and 0.53%, respectively. The fundamentals provide a reasonable outlook with a strong ROE, although the technical indicators and decreasing investor holdings signal a need for caution. Investors may need to observe upcoming market conditions closely before making further investment decisions.
FAQs
Q: What caused the dip in Kross share price?
A: The overall market conditions influenced the dip, with Kross experiencing a decline of 4.66%, similar to trends seen in broader indices like Nifty and Sensex.
Q: How does Kross perform relative to its peers?
A: Kross’ share price showed resilience against the broader market, trading at ₹162.65, while some peers experienced declines and others gains.
Q: What is Kross’ ROE and why is it important?
A: Kross has a Return on Equity of 36.06%, an indicator of effective management that signifies how well the company generates profits using shareholder equity.
