Crompton Greaves shares drop 0.03% as Sensex rises
Crompton Greaves Consumer Electricals Ltd. traded 0.03 per cent down at Rs 290.05 at 11:11AM (IST) on Tuesday, even as BSE benchmark Sensex gained 47.26 points to 72755.42.
The scrip had closed at Rs 290.15 in the previous session. The stock quoted a 52-week high price of Rs 327.8 and 52-week low of Rs 251.25, respectively. As per BSE data, total traded volume on the counter till 11:11AM (IST) stood at 26105 shares with a turnover of Rs 0.76 crore.
At the prevailing price, shares of the company traded at 42.93 times its trailing 12-month EPS of Rs 6.76 per share and 7.01 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.82.
Shareholding Details
Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 35.58 per cent and DIIs 36.01 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 43.24. 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. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just
