CG Consumer shares gain 1.36% as Sensex rises

CG Consumer shares gain 1.36% as Sensex rises
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A total of 5,303 shares changed hands on the counter till 10:56AM (IST)

Reuters
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
Shares of Crompton Greaves Consumer Electricals Ltd. traded 1.36 per cent up at Rs 442.95 at 10:56AM (IST) on Monday, even as BSE benchmark Sensex gained 548.88 points to 58802.7. The scrip had closed at Rs 437.0 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 512.05 and Rs 350.35, respectively.

As per BSE data, total traded volume on the counter till 10:56AM (IST) stood at 10:56AM shares with turnover at Rs 0.23 crore.

At the prevailing price, the stock trades at 41.98 times its trailing 12-month earnings per share of Rs 10.41 per share and 12.79 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 5.99 per cent stake in the company as of 30-Sep-2021, while FIIs owned 51.19 per cent and DIIs 32.58 per cent.

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