Share price of Crompton Greaves jumps as Sensex gains 297.45 points
Crompton Greaves Consumer Electricals Ltd. gained 1.22 per cent to Rs 295.75 at 10:30AM (IST) in Friday's trade.
The counter hit a high of Rs 297.95 and low of Rs 293.1 so far during the session. The stock had closed at Rs 292.2 in the previous session.
The counter had a total traded volume of 10:30AM shares so far with a turnover of Rs 160.0 crore on BSE. The stock traded at a price-to-earnings multiple of 40.7 and a price-to-book ratio of 7.01.
A higher P/E ratio shows 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 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.Promotor/FII Holding Promoters held 2.54 per cent stake in the company as of 30-Jun-2023, while FIIs and domestic institutional investors ownership stood at 35.0 per cent and 48.45 per cent, respectively.Key Financials The firm reported consolidated net sales of Rs 1807.73 crore for the quarter ended 31-Mar-2023, up 17.58 per cent from the previous quarter's Rs 1537.51 crore and up 15.14 per cent from the year-ago quarter's Rs 1570.07 crore. Its profit for the latest quarter stood at Rs 131.16 crore, down 25.71 per cent from the same quarter a year ago.
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