Share price of Crompton Greaves jumps as Sensex gains 60.05 points

The share price of Crompton Greaves Consumer Electricals Ltd. gained 0.19 per cent to Rs 287.5 at 01:11PM (IST) in Wednesday's trade. The stock has hit a high of Rs 289.8 and low of Rs 284.6 so far during the session. The stock had closed at Rs 286.95 in the previous session.

The counter has had a total traded volume of 274867 shares so far with a value of Rs 7.88 crore on the NSE. It traded at a price-to-earnings multiple of 39.43 and a price-to-book ratio of 7.01.

A higher P/E 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 declined 9.36 per cent during the past one year, while the 30-share index advanced 16.38 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-Mar-2023, while foreign investors and domestic institutional investors ownership stood at 39.63 per cent and 33.18 per cent, respectively.

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 the previous quarter's Rs 1537.51 crore and up 15.14 per cent from the year-ago quarter's Rs 1570.07 crore.

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