Crompton Greaves shares up 0.16% as Sensex rises

The stock opened at Rs 387.15 and has touched an intraday high and low of Rs 392.8 and Rs 384.05 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 56.6, earnings per share (EPS) of Rs 6.84 and price to book value (PB) of 5.73, while the return on equity (ROE) stood at Rs 14.66.

Promoter/ FII Holding
The promoters held 2.54 per cent stake in the company as of May 28, while FII and MF ownerships stood at 32.18 per cent and 40.21 per cent, respectively.

Key Financials
With a market capitalisation of Rs 24897.89 crore, the company operates in the Electronics/Electricals industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 1977.04 crore, up 15.66 per cent from the previous quarter?s Rs 1709.36 crore and up 9.37 per cent from the same quarter a year ago. The company reported net profit of Rs 138.36 crore for the latest quarter, up 5.49 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 72.77. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.