Share price of Crompton Greaves jumps as Sensex gains 68.2 points

Share price of Crompton Greaves  jumps  as Sensex  gains  68.2 points

Share price of . gained 3.14 per cent to Rs 405.1 at 01:09PM (IST) in Tuesday’s trade. The counter hit a high of Rs 405.2 and low of Rs 390.65 so far during the session. The stock had closed at Rs 392.75 in the previous session.

The counter had a total traded volume of 01:09PM shares so far with a turnover of Rs 3.01 crore on BSE. The stock traded at a price-to-earnings multiple of 42.13 and a price-to-book ratio of 9.65.

A higher price-to-earnings 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.

Crompton Greaves Consumer Electricals Ltd. belongs to the Electronics/Electricals industry.

Promotor/FII Holding

Promoters held 5.94 per cent stake in the company as of 30-Jun-2022, while foreign investors and domestic institutional investors ownership stood at 48.16 per cent and 34.09 per cent, respectively.

Key Financials

The company reported consolidated sales of Rs 1873.35 crore for the quarter ended 30-Jun-2022, up 19.32 per cent from the previous quarter’s Rs 1570.07 crore and up 75.07 per cent from the year-ago quarter’s Rs 1070.08 crore.

Its profit for the latest quarter stood at Rs 121.01 crore, up 27.7 per cent from the same quarter a year ago.

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