Share price of CG Consumer jumps as Sensex drops 180.7 points

Share price of CG Consumer jumps as Sensex drops 180.7 points
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

Promoters held 0.0 per cent stake in the company as of 31-Dec-2020, while FII and DII ownership stood at 34.33 per cent and 27.69 per cent, respectively.

Getty Images
According to the figures updated at 5.45 pm, the number of active COVID-19 cases is at 470.
The share price of Crompton Greaves Consumer Electricals Ltd. gained 0.27 per cent to Rs 397.15 at 01:45PM (IST) in Friday's trade. The scrip has hit a high of Rs 404.45 and low of Rs 390.25 so far during the session. The stock had closed at Rs 396.1 in the previous session.

The counter has had a total traded volume of 42941 shares so far with a value of Rs 1.71 crore on the NSE. It traded at a price-to-earnings multiple of 52.24 and a price-to-book ratio of 8.92.

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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 87.03 per cent during the past one year, while the 30-share index advanced 79.56 per cent during the same period.

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

Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Dec-2020, while FIIs and domestic institutional investors ownership stood at 34.33 per cent and 27.69 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 1368.06 crore for the quarter ended 31-Dec-2020, up 11.24 per cent from the previous quarter's Rs 1229.87 crore and up 25.64 per cent from the year-ago quarter's Rs 1088.83 crore.

Profit for the latest quarter stood at Rs 151.09 crore, down 6.14 per cent from the same quarter a year ago.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day