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.
Financials
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.
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