Crompton Greaves shares down 2.03% as Sensex falls

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 512.05 and a 52-week low of Rs 315.8 on NSE. Around 31547 shares changed hands on the counter till 02:04PM (IST).

The stock opened at Rs 325.0 and has touched an intraday high and low of Rs 325.0 and Rs 315.8 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 37.33, earnings per share (EPS) of Rs 9.13 and price to book value (PB) of 9.65, while the return on equity (ROE) stood at Rs 23.57.

Promoter/ FII Holding
The promoters held 5.94 per cent stake in the company as of June 14, while FII and MF ownerships stood at 48.58 per cent and 32.08 per cent, respectively.

Key Financials

With a market capitalisation of Rs 20741.99 crore, the company operates in the Electronics/Electricals industry. For the quarter ended 31-Mar-2022, the company reported consolidated sales of Rs 1570.07 crore, up 10.21 per cent from the previous quarter?s Rs 1424.63 crore and up 1.78 per cent from the same quarter a year ago. The company reported net profit of Rs 176.55 crore for the latest quarter, down 29.12 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 32.69. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.