Crompton Greaves is trading subdued ahead its FY12 numbers to be released on May 25, 2012.
Crompton Greaves is currently trading at Rs 108.30, down by 3.20 points or 2.87% from its previous closing of Rs 111.50 on the BSE.
The scrip opened at Rs 112.40 and has touched a high and low of Rs 112.50 and Rs 107.10 respectively. So far 315572 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 276.00 on 15-Jun-2011 and a 52 week low of Rs 107.15 on 22-Dec-2011.
Last one week high and low of the scrip stood at Rs 120.95 and Rs 107.10 respectively. The current market cap of the company is Rs 6944.15 crore.
The promoters holding in the company stood at 41.69% while Institutions and Non-Institutions held 39.44% and 18.63% respectively.
Brokerage firm CLSA downgraded the stock to ‘sell’ from ‘underperform’ earlier this week. CLSA's view was that despite a 15 per cent compounded annual growth rate in orders received by the company over three years from Power Grid, a state-owned energy transmission company, prices of 765 kilovoltage or kv transformers fell 35 per cent on account of the Chinese competition. This has created fears of oversupply in the market. In comparison to Havells and Bajaj Electricals, the consumer segment revenue of Crompton Greaves has slowed.
| Company Name | CMP |
|---|---|
| Havells India | 1305.85 |
| Siemens | 3706.55 |
| Apar Inds | 11474.15 |
| ABB India | 7029.95 |
| Waaree Energies | 3471.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: