Share price of Crompton Greaves jumps as Sensex drops 51.89 points

economictimes.indiatimes.com:

Crompton Greaves Consumer Electricals Ltd. gained 0.84 per cent to Rs 289.15 at 10:20AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 290.0 and low of Rs 287.0 so far during the session.

The stock had closed at Rs 286.75 in the previous session. The counter has had a total traded volume of 11805 shares so far with a value of Rs 0.34 crore on the NSE. It traded at a price-to-earnings multiple of 39.81 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 reflects the price investors are willing to pay even for no growth in the business. The scrip declined 19.07 per cent during the past one year, while the 30-share index advanced 23.38 per cent during the same period.

Crompton Greaves Consumer Electricals Ltd. belongs to the Electronics/Electricals industry.Promotor/FII Holding Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FIIs and domestic institutional investors ownership stood at 39.63 per cent and 33.18 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. Profit for the latest quarter stood at Rs 131.16 crore, down 25.71 per cent from the same quarter a year ago.