Share price of Crompton Greaves rises as Nifty weakens

Shares of Crompton Greaves Consumer Electricals Ltd. gained 0.23 per cent to Rs 310.1 in Thursday's trade as of 11:23AM (IST).

The stock hit a high price of Rs 315.6 and low of Rs 308.65 during the session.

The return on equity (ROE) for the stock stood at 24.99 per cent. Traded volume on the counter stood at 11:23AM shares and turnover at Rs 0.64 crore around that time.

The stock of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high and 52-week low prices of Rs 430.7 and Rs 291.65, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.82.

Promotor/FII Holding
Promoters held 2.54 per cent stake in the company as of 31-Dec-2022, while foreign investors held 39.54 per cent and domestic institutional investors had 44.5 per cent.

Key Financials
The company reported consolidated sales of Rs 1537.51 crore for the quarter ended 31-Dec-2022, down 10.5 per cent from previous quarter's Rs 1717.8 crore and down 7.92 per cent from the year-ago quarter's Rs 1424.63 crore.

Net profit after tax for the latest quarter stood at Rs 85.25 crore, down 42.5 per cent from the same quarter a year ago.