The Economic Times daily newspaper is available online now.

    Share price of Crompton Greaves falls as Sensex gains 196.73 points

    Synopsis

    Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 39.54 per cent and 32.37 per cent, respectively.

    Brokers trade at computer terminals at stock brokerage firm in MumbaiReuters
    Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
    The share price of Crompton Greaves Consumer Electricals Ltd. dropped 1.94 per cent to Rs 298.65 at 02:03PM (IST) in Thursday's trade. The scrip has hit a high of Rs 306.45 and low of Rs 298.6 so far during the session. The stock had closed at Rs 304.55 in the previous session.

    The counter has had a total traded volume of 15458 shares so far with a value of Rs 0.46 crore on the NSE. It traded at a price-to-earnings multiple of 37.43 and a price-to-book ratio of 9.65.

    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 24.83 per cent during the past one year, while the 30-share index advanced 5.69 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-Dec-2022, while foreign investors and domestic institutional investors ownership stood at 39.54 per cent and 32.37 per cent, respectively.

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

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



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in