Curated By: Business Desk
Last Updated: October 25, 2023, 12:55 IST
Crompton Greaves boasts a market capitalization of Rs 20,156.29 crore.
Crompton Greaves Consumer Electricals Ltd, a family electrical items firm, is presently priced at Rs 279.95 per share.
Crompton Greaves has the potential for vital good points within the inventory market. Two main brokerage corporations within the nation are optimistic about this firm and have set bold targets.
Crompton Greaves Consumer Electricals Ltd, a family electrical items firm, is presently priced at Rs 279.95 per share. Nonetheless, two nicely-regarded brokerage corporations within the nation anticipate a possible enhance within the share value to Rs 400 quickly.
HDFC Securities recommends shopping for Crompton Greaves Consumer Electricals shares with a goal value of Rs 400, whereas Prabhudas Leeladhar, one other brokerage agency, has set a goal of Rs 401 for a similar shares.
In the final yr, this firm’s shares have upset traders, with a destructive return of 25 per cent. But brokerage corporations have now taken a extra optimistic stance on this inventory. According to an HT report, 24 out of 37 analysts are advising to purchase this inventory.
Crompton Greaves Consumer Electricals Limited is a mid-cap firm with a market capitalization of Rs 20,156.29 crore. The firm operates within the shopper durables sector. Despite its itemizing within the inventory market, this firm hasn’t delivered outstanding returns. Since its itemizing in 2016, the corporate has offered a 100 per cent return.
For the quarter ending on 30-06-2023, the corporate reported a Consolidated Total Income of Rs 1,896.65 Crore, displaying a 4.92% enhance from the Total Income of Rs 1,807.73 Crore within the earlier quarter and a 1.24% rise from the Total Income of Rs 1,873.35 Crore in the identical quarter final yr. The firm’s web revenue after tax for the newest quarter amounted to Rs 122.03 Crore.
As per Prabhudas Lilladher’s analysis report on Crompton Greaves Consumer Electricals, Crompton is presently buying and selling at an interesting valuation, positioning it as a promising funding over the subsequent 2-3 years. This optimistic outlook relies on the potential for re-ranking, powered by accelerated progress via new initiatives.
Crompton Greaves Consumer Electricals Limited boasts a market capitalization of Rs 20,156.29 crore. As of February 2022, the corporate is included within the S&P Global BSE Consumer Durables Index, which options the highest 10 listed Indian shopper durables firms.
