Share price of Crompton Greaves jumps as Sensex gains 759.05 points
Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 35.58 per cent and 36.01 per cent, respectively.
The share price of . gained 1.88 per cent to Rs 269.65 at 11:11AM (IST) in Thursday's trade. The scrip has hit a high of Rs 270.35 and low of Rs 266.85 so far during the session. The stock had closed at Rs 264.65 in the previous session.The counter has had a total traded volume of 21919 shares so far with a value of Rs 0.59 crore on the . It traded at a price-to-earnings multiple of 39.89 and a price-to-book ratio of 7.01.
A higher P/E 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 7.76 per cent during the past one year, while the 30-share index advanced 25.11 per cent during the same period.
. belongs to the Electronics/Electricals industry.
Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 35.58 per cent and 36.01 per cent, respectively.
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 the previous quarter's Rs 1797.15 crore and down 11.18 per cent from the year-ago quarter's Rs 1537.51 crore.
Profit for the latest quarter stood at Rs 85.99 crore, up 0.87 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
