Crompton Greaves Ltd
HSL Code: CROGRE | BSE Code: 500093 | NSE Symbol: CROMPGREAV | ISIN: INE067A01029
- Buy Crompton Greaves stock between Rs. 95.35 and Rs.90 . Stop loss at Rs 88 15 May | 10:46This stock has moved withen the channel in last 6 years. The upper channel is at Rs.349 and the lower channel is at Rs.85. Currently this stock is trading at the lower channel. Keep a stop loss of Rs. 88 on the closing basis.
- Crompton Greaves (1QFY14) : Not upto the mark, yet 7 Aug | 09:44Crompton Greaves reported first quarter profit of Rs 601million. Ongoing share buyback may provide some downside support. We maintain NEUTRAL call with a target price of Rs 85 per share.
- Crompton Greaves (2QFY14) : Overseas disappointment continues. 11 Nov | 09:39Crompton Greaves reported below estimate 2QFY14 PAT at Rs 584mn driven by another disappointment in the overseas business. Domestic business reported steady (and above est.) performance. We remain skeptical about a PAT breakeven of the overseas operations as even after business restructuring and c. full capacity utilisation, the company is barely breaking even at the EBITDA level. Downgrade to SELL with a TP of Rs 85/sh based on 10x FY15E EPS.
- Crompton Greaves (Update) : More hope, less substance. Maintain SELL 28 Nov | 09:15Crompton Greaves stock has run up due to hopes of improving profitability at the overseas business and resumption of domestic capex cycle post national elections. We believe recovery of domestic capex cycle is still not visible and even if there is a recovery, capacity constraints and highly competitive PT market will limit gains. Pricing pressure continues in the overseas markets too, as suggested by peer commentary. Retain SELL.
|Hot Pursuit on Wednesday 15:10|
Crompton Greaves slips on buzz it may exit Canada power plant
|Results - Announcements on Saturday 08:54|
Crompton Greaves net profit rises 20.69% in the September 2013 quarter
|Corporate News on Saturday 11:52|
Crompton Greaves appoints Company Secretary & Compliance Officer
|Corporate News on Saturday 12:10|
Crompton Greaves declares interim dividend
|Corporate News on Friday 11:09|
Crompton Greaves changes company secretary & compliance officer
|Market Cap (Rs. in Cr.)||8,211.29|
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|NSE Indices||BSE Indices|
|S&P CNX 500||
|CNX Midcap 50||
Note: The scrip is a constituent of those NSE and BSE indices that have against them.
| ||1M (%)||3M (%)||6M (%)|
|Crompton Greaves Ltd||27.40||50.64||52.18|
|NIFTY (S&P CNX)||4.18||7.40||7.74|
F & O QuotesMore
|Open Price (Rs.)||132.60||No. of Contracts Traded||3059|
|High Price (Rs.)||133.40||Turnover (Rs. in lakhs)||16,398.33|
|Low Price (Rs.)||129.35||Open Interest||85,68,000.00|
|Prev. Close (Rs.)||135.00||Open Int. Chg||-3,76,000|
Sudhir TrehanVice Chairman
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