Crompton Greaves is currently trading at Rs 74.90, up by 0.55 points or 0.74% from its previous closing of Rs. 74.35 on the BSE.
The scrip opened at Rs. 75.10 and has touched a high and low of Rs. 75.45 and Rs. 74.20 respectively. So far 1731304 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 76.80 on 16-Jun-2016 and a 52 week low of Rs. 32.16 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 76.80 and Rs. 68.70 respectively. The current market cap of the company is Rs. 4684.93 crore.
The promoters holding in the company stood at 34.42%, while Institutions and Non-Institutions held 46.12% and 19.45% respectively.
In order to increased focus on its India businesses, Crompton Greaves is reportedly all set to sell its global automation business, ZIV, at a valuation of $112 million (Rs 754 crore) by September 2016. The company has appointed bankers to sell the business. The sale of its automation business comes in the backdrop of the company selling its transmission and distribution business abroad to US-based private equity firm First Reserve International at an enterprise value of around Rs 866 crore on a debt-free, cash-free basis.
Crompton Greaves is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution based in Mumbai.
