Crompton Greaves shares rise 2.78 per cent in Wednesday's trading session
Crompton Greaves Consumer Electricals Ltd. rose 2.78 per cent to Rs 304.4 in Wednesday's trade as of 10:36AM (IST) even as the benchmark Nifty ruled at 21555.45, up 102.35 points.
The scrip had closed at Rs 296.15 in the previous session.
The stock quoted a 52-week low of Rs 251.25 and a high of Rs 359.75. The company quoted a market-cap of Rs 19444.79 crore on the BSE.
On BSE, 165,140 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 45.01 times its trailing 12-month EPS of Rs 6.75 per share and 7.01 times its book value. The return on equity (ROE) stood at Rs 18.38.
Key Financials For the quarter ended 30-Sep-2023, Crompton Greaves Consumer Electricals Ltd.
reported consolidated sales of Rs 1797.15 crore, down 4.62 per cent from the same quarter a year ago. The company reported 22.71 per cent YoY de-growth in net profit at Rs 97.22 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Wednesday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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 call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
