Crompton Greaves shares down 0.47% as Nifty gains

Crompton Greaves shares down 0.47% as Nifty gains
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Synopsis

A total of 22,225 shares changed hands on the counter till 11:47AM (IST).

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India 10-year bond yield rose 0.05 per cent to 6.03 after trading in 6.02-6.04 range.
NEW DELHI: Shares of . traded 0.47 per cent down in Tuesday's trade at 11:47AM (IST). Around 22,225 shares changed hands on the counter.

The stock opened at Rs 405.0 and touched an intraday high and low of Rs 406.6 and Rs 397.4, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 503.05 and a 52-week low of Rs 312.05.

Total market cap of the Crompton Greaves Consumer Electricals Ltd. stood at Rs 25412.31 crore at the time of writing this report.

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 previous quarter's Rs 1570.07 crore and up 75.07 per cent from the year-ago quarter's Rs 1070.08 crore.

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

Shareholding pattern
As of 30-Jun-2022, domestic institutional investors held 32.58 per cent stake in the company, while foreign institutional investors held 48.16 per cent and the promoters 5.94 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 42.03 and a price-to-book ratio of 9.65. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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