Share price of Crompton Greaves jumps as Sensex drops 135.87 points
A total of 65,176 shares changed hands on the counter till 10:05AM (IST)
Share price of . gained 2.83 per cent to Rs 408.3 at 10:05AM (IST) in Monday's trade. The scrip hit a high of Rs 411.95 and low of Rs 396.5 so far during the session. The stock had closed at Rs 397.05 in the previous session.The counter had a total traded volume of 10:05AM shares so far with a turnover of Rs 2.65 crore on . The stock traded at a price-to-earnings multiple of 58.47 and a price-to-book ratio of 5.73.
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 is the measure of the price that investors are ready to pay even for no growth in the business.
. belongs to the Electronics/Electricals industry.
Promotor/FII Holding
Promoters held 2.54 per cent stake in the company as of 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 32.18 per cent and 51.15 per cent, respectively.
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 the previous quarter's Rs 1709.36 crore and up 9.37 per cent from the year-ago quarter's Rs 1807.73 crore.
Its profit for the latest quarter stood at Rs 138.36 crore, up 5.49 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
