Share price of Crompton Greaves jumps as Sensex drops 60.69 points
Crompton Greaves Consumer Electricals Ltd. gained 0.55 per cent to Rs 283.0 at 12:33PM (IST) in Friday's trade. The stock hit a high of Rs 283.0 and low of Rs 279.05 so far during the session.
The stock had closed at Rs 281.45 in the previous session.
The counter had a total traded volume of 12:33PM shares so far with a turnover of Rs 0.51 crore on BSE. The stock traded at a price-to-earnings multiple of 41.87 and a price-to-book ratio of 7.01.
A higher price-to-earnings 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-Sep-2023, while FIIs and domestic institutional investors ownership stood at 35.66 per cent and 47.22 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 1797.15 crore for the quarter ended 30-Sep-2023, down 5.25 per cent from the previous quarter's Rs 1896.65 crore and down 4.62 per cent from the year-ago quarter's Rs 1717.8 crore.
