Crompton Greaves shares down 3.18% as Nifty gains
A total of 123,931 shares changed hands on the counter till 12:48PM (IST).
NEW DELHI: Shares of . traded 3.18 per cent down in Friday's trade at 12:48PM (IST). Around 123,931 shares changed hands on the counter.The stock opened at Rs 335.2 and touched an intraday high and low of Rs 339.55 and Rs 328.05, respectively, in the session so far. The stock of . quoted a 52-week high of Rs 345.2 and a 52-week low of Rs 252.1.
Total market cap of the Ltd. stood at Rs 21839.91 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 same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 40.21 per cent stake in the firm, while foreign institutional investors held 32.18 per cent and the promoters 2.54 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 46.15 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
