Crompton Greaves shares up 3.16% as Nifty drops
A total of 29,316 shares changed hands on the counter till 10:05AM (IST).
NEW DELHI: Shares of . traded 3.16 per cent up in Monday's trade at 10:05AM (IST). Around 29,316 shares changed hands on the counter.The counter opened at Rs 411.0 and touched an intraday high and low of Rs 422.5 and Rs 409.55, respectively, in the session so far. The stock of . quoted a 52-week high of Rs 436.6 and a 52-week low of Rs 262.1.
As per , the total market cap of the Ltd. stood at Rs 26991.2 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 1977.04 crore for the quarter ended 31-Mar-2024, up 15.66 per cent from previous quarter's Rs 1709.36 crore and up 9.37 per cent from the year-ago quarter's Rs 1807.73 crore.
The net profit for latest quarter stood at Rs 138.36 crore, up 5.49 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, DIIs held 40.21 per cent stake in the company, while foreign institutional investors held 32.18 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 61.35 and a price-to-book ratio of 5.73. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Ltd. belongs to the Electronics/Electricals industry.
Source: Stocks-Markets-Economic Times
