Crompton Greaves shares down 1.09% as Sensex rises
Crompton Greaves Consumer Electricals Ltd. fell 1.09 per cent to Rs 313.45 in Tuesday's session as of 11:32AM (IST) even as the equity benchmark Sensex traded 131.37 points higher at 67258.45.
Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 428.8 and a 52-week low of Rs 251.25 on NSE. Around 44006 shares changed hands on the counter till 11:32AM (IST).
The stock opened at Rs 319.0 and has touched an intraday high and low of Rs 319.85 and Rs 310.0 during the session so far.
The counter quoted a price-to-earnings (PE) ratio of 43.59, earnings per share (EPS) of Rs 7.2 and price to book value (PB) of 7.01, while the return on equity (ROE) stood at Rs 18.38.
Promoter/ FII Holding
The promoters held 2.54 per cent stake in the company as of September 12, while FII and MF ownerships stood at 35.0 per cent and 37.49 per cent, respectively.
Key Financials With a market capitalisation of Rs 20076.33 crore, the company operates in the Electronics/Electricals industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 1896.65 crore, up 4.92 per cent from the previous quarter?s Rs 1807.73 crore and up 1.24 per cent from the same quarter a year ago.
The company reported net profit of Rs 118.35 crore for the latest quarter, down 2.2 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 62.07. The RSI oscillates between zero and 100.
Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading
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