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    CG Consumer shares gain 0.05% as Sensex rises

    Synopsis

    A total of 18,215 shares changed hands on the counter till 01:29PM (IST)

    Once equity investing is viewed as a viable alternative to savings in the form of assets like property, gold and bank deposits, we may witness a spread of liquidity to a broader set of stocks.
    Shares of Crompton Greaves Consumer Electricals Ltd. traded 0.05 per cent up at Rs 379.3 at 01:29PM (IST) on Monday, even as BSE benchmark Sensex gained 320.06 points to 49526.53. The scrip had closed at Rs 379.1 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 455.6 and Rs 196.4, respectively.

    As per BSE data, total traded volume on the counter till 01:29PM (IST) stood at 01:29PM shares with turnover at Rs 0.69 crore.

    At the prevailing price, shares of the company trades at 50.58 times its trailing 12-month earnings per share of Rs 7.48 per share and 8.92 times its price-to-book value, the exchange data showed.

    A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

    The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.82.

    Shareholding Details
    Promoters held 11.36 per cent stake in the company as of 31-Mar-2021, while FIIs owned 48.0 per cent and DIIs 29.87 per cent.
    (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.)

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