CG Consumer share price: CG Consumer shares fall 0.25 per cent in Friday’s trading session

Shares of Crompton Greaves Consumer Electricals Ltd. fell 0.25 per cent to Rs 380.0 in Friday’s trade as of 01:49PM (IST) even as the benchmark Nifty ruled at 14732.80, down 162.1 points.

The scrip had closed at Rs 380.95 in the previous session. The stock quoted a 52-week low of Rs 196.4 and a high of Rs 455.6. The company quoted a market-cap of Rs 23845.99 crore on the BSE.

On BSE, 760,056 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 50.77 times its trailing 12-month EPS of Rs 7.48 per share and 8.92 times its book value. The return on equity (ROE) stood at Rs 33.8.

Key Financials

For the quarter ended 31-Dec-2020, Crompton Greaves Consumer Electricals Ltd. reported consolidated sales of Rs 1368.06 crore, up 25.64 per cent from the same quarter a year ago. The company reported 6.14 per cent YoY de-growth in net profit at Rs 151.09 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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