Crompton Greaves shares down 1.34% as Nifty drops
Crompton Greaves Consumer Electricals Ltd. traded 1.34 per cent down in Friday's trade at 11:42AM (IST). Around 50,955 shares changed hands on the counter.
The counter opened at Rs 449.0 and touched an intraday high and low of Rs 452.0 and Rs 441.35, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 470.5 and a 52-week low of Rs 262.1.
Total market cap of the Crompton Greaves Consumer Electricals Ltd. stood at Rs 28598.34 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 2161.47 crore for the quarter ended 30-Jun-2024, up 9.33 per cent from previous quarter's Rs 1977.04 crore and up 13.96 per cent from the year-ago quarter's Rs 1896.65 crore.
The net profit for latest quarter stood at Rs 151.72 crore, up 28.2 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2024, domestic institutional investors held 42.31 per cent stake in the firm, while foreign institutional investors held 34.37 per cent and the promoters 2.54 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 60.42 and a price-to-book ratio of 5.73. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Crompton
