Buy Crompton Greaves, target price Rs 504: Yes Securities

Yes Securities has buy call on Consumer Electricals with a target price of Rs 504. The current market price of Crompton Greaves Consumer Electricals Ltd. is Rs 488.1.

Time period given by analyst is Intra Day when Crompton Greaves Consumer Electricals Ltd. price can reach defined target.

Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 30634.21 Crore) operating in Consumer Durables sector.

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1070.08 Crore, down -30.63 % from last quarter Total Income of Rs 1542.65 Crore and up 44.86 % from last year same quarter Total Income of Rs 738.68 Crore. Company reported net profit after tax of Rs 94.76 Crore in latest quarter.

Investment Rationale
After losing 13 per cent from record high, the stock found support near the Rs 440 zone. Recovery thereafter ensures resumption of uptrend.

Promoter/FII Holdings
Promoters held 16.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 30.3 per cent, DIIs 26.1 and public and others 17.4 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button