Crompton Greaves shares up 3.32% as Nifty drops
A total of 74,016 shares changed hands on the counter till 10:10AM (IST).
NEW DELHI: Shares of . traded 3.32 per cent up in Tuesday's trade at 10:10AM (IST). Around 74,016 shares changed hands on the counter.The scrip opened at Rs 271.65 and touched an intraday high and low of Rs 279.95 and Rs 270.55, respectively, in the session so far. The stock of . quoted a 52-week high of Rs 327.8 and a 52-week low of Rs 251.25.
Total market cap of the Ltd. stood at Rs 17896.65 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 1709.36 crore for the quarter ended 31-Dec-2023, down 4.88 per cent from previous quarter's Rs 1797.15 crore and down 11.18 per cent from the year-ago quarter's Rs 1537.51 crore.
The net profit for latest quarter stood at Rs 85.99 crore, up 0.87 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 36.01 per cent stake in the firm, while foreign institutional investors held 35.58 per cent and the promoters 2.54 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 41.36 and a price-to-book ratio of 7.01. 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
