Crompton Greaves shares up 1.66% as Nifty gains
Crompton Greaves Consumer Electricals Ltd. traded 1.66 per cent up in Wednesday's trade at 11:52AM (IST). Around 39,680 shares changed hands on the counter.
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The stock opened at Rs 298.15 and touched an intraday high and low of Rs 305.8 and Rs 298.15, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 340.75 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 19561.15 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1797.15 crore for the quarter ended 30-Sep-2023, down 5.25 per cent from previous quarter's Rs 1896.65 crore and down 4.62 per cent from the year-ago quarter's Rs 1717.8 crore.
The net profit for latest quarter stood at Rs 97.22 crore, down 22.71 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Dec-2023, DIIs held 36.01 per cent stake in the company, while foreign institutional investors held 35.58 per cent and the promoters 0.0 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 45.28 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. belongs to the Electronics/Electricals industry.
