Crompton Greaves shares up 1.01% as Nifty drops
Crompton Greaves Consumer Electricals Ltd. traded 1.01 per cent up in Wednesday's trade at 12:18PM (IST). Around 38,817 shares changed hands on the counter.
The scrip opened at Rs 297.65 and touched an intraday high and low of Rs 299.7 and Rs 294.3, respectively, in the session so far. The stock of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 416.85 and a 52-week low of Rs 251.25.
As per BSE, the total market cap of the Crompton Greaves Consumer Electricals Ltd. stood at Rs 19097.63 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1896.65 crore for the quarter ended 30-Jun-2023, up 4.92 per cent from previous quarter's Rs 1807.73 crore and up 1.24 per cent from the year-ago quarter's Rs 1873.35 crore.
The net profit for latest quarter stood at Rs 118.35 crore, down 2.2 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 37.49 per cent stake in the company, while foreign institutional investors held 34.99 per cent and the promoters 0.0 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 41.47 and a price-to-book ratio of 7.01.
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 Greaves Consumer Electricals Ltd.
