Crompton Greaves shares up 2.1% as Nifty falls
Crompton Greaves Consumer Electricals Ltd. rose 2.1 per cent to Rs 305.65 in Thursday's trade. It hit an intraday high of Rs 309.8 and low of Rs 298.9, respectively, during the day.
The stock quoted a 52-week high price of Rs 416.85 and low of Rs 251.25.
As of 10:00AM (IST), the counter saw total traded volume of 82,760 shares with a traded value of Rs 2.53 crore, according to NSE.
The stock had closed at Rs 299.35 in the previous session.
The scrip has advanced 1.41 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.7 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 42.56 while price-to-book ratio stood at 7.01. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the Electronics/Electricals industry.
Promoter/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 34.99 per cent and 37.49 per cent, respectively.
