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    Share price of Crompton Greaves rises as Nifty strengthens

    Synopsis

    A total of 19,003 shares changed hands on the counter till 10:31AM (IST).

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    India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
    Shares of Crompton Greaves Consumer Electricals Ltd. gained 2.13 per cent to Rs 283.15 in Tuesday's trade as of 10:31AM (IST).

    The stock hit a high price of Rs 283.55 and low of Rs 277.5 during the session.

    The return on equity (ROE) for the stock stood at 17.41 per cent. Traded volume on the counter stood at 10:31AM shares and turnover at Rs 0.53 crore around that time.

    The stock of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high and 52-week low prices of Rs 428.8 and Rs 251.25, respectively.

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

    Promotor/FII Holding
    Promoters held 2.54 per cent stake in the company as of 31-Mar-2023, while overseas investors held 39.64 per cent and domestic institutional investors had 44.16 per cent.

    Key Financials
    The company reported consolidated sales of Rs 1807.73 crore for the quarter ended 31-Mar-2023, up 17.58 per cent from previous quarter's Rs 1537.51 crore and up 15.14 per cent from the year-ago quarter's Rs 1570.07 crore.

    Net profit after tax for the latest quarter stood at Rs 131.16 crore, down 25.71 per cent from the same quarter a year ago.
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