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Crompton Greaves gains on inking technology licensing pact with Bridgelux

11 Apr 2013 Evaluate

Crompton Greaves is currently trading at Rs. 90.25, up by 0.75 points or 0.84% from its previous closing of Rs. 89.50 on the BSE.

The scrip opened at Rs. 90.15 and has touched a high and low of Rs. 91.20 and Rs. 88.60 respectively. So far 124354 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 141.70 on 08-Oct-2012 and a 52 week low of Rs. 87.25 on 10-Apr-2013.

Last one week high and low of the scrip stood at Rs. 94.10 and Rs. 87.25 respectively. The current market cap of the company is Rs. 5776.63 crore.

The promoters holding in the company stood at 41.69 % while Institutions and Non-Institutions held 39.66 % and 18.42 % respectively.

Crompton Greaves has inked technology licensing pact with Bridgelux, a Solid State Lighting (SSL) pioneer based in Livermore, California, for the company’s LED light engine, optics and luminaire expertise.

The said agreement with facilitate Crompton Greaves to deliver high performance, long-life, and cost-effective SSL products to business, government and mass market consumers, replacing traditional and inefficient technologies.

Crompton Greaves is engaged in designing, manufacturing and marketing electrical products and services related to power generation, transmission and distribution.

 

Peers
Company Name CMP
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Havells India 1045.90
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Siemens 3744.80
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