Crompton Greaves shares fall 2.37 per cent in Tuesday's trading session

Shares of Crompton Greaves Consumer Electricals Ltd. fell 2.37 per cent to Rs 423.8 in Tuesday's trade as of 01:55PM (IST) even as the benchmark Nifty ruled at 24381.55, down 127.71 points.

The scrip had closed at Rs 434.1 in the previous session. The stock quoted a 52-week low of Rs 262.1 and a high of Rs 441.95. The company quoted a market-cap of Rs 27237.9 crore on the BSE.

On BSE, 69,228 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 61.92 times its trailing 12-month EPS of Rs 6.84 per share and 5.73 times its book value. The return on equity (ROE) stood at Rs 15.04.


Key Financials
For the quarter ended 31-Mar-2024, Crompton Greaves Consumer Electricals Ltd. reported consolidated sales of Rs 1977.04 crore, up 9.37 per cent from the same quarter a year ago. The company reported 5.49 per cent YoY growth in net profit at Rs 138.36 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. 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.