Crompton Greaves Consumer Electricals Ltd (CROMPTON)

Crompton Greaves Consumer Electricals Stock Increases by 14% - 24 Apr, 2024

Crompton Greaves Consumer Electricals stock has increased significantly by 14% over the past month. The company's financial indicators, particularly ROE, are being studied to see if they played a role in the recent price move.

Crompton Greaves Consumer Electricals Secures Patent for Ceiling Fan Innovation - 18 Apr, 2024

Crompton Greaves Consumer Electricals has been granted a patent for its invention in the ceiling fan business segment. The company experienced a 12% increase in annual revenue during Q3FY24, reaching ₹1,693 crore compared to ₹1,516 crore in Q3FY23. Additionally, the company secured an order from HAREDA valued at over ₹9 crores.

Crompton Greaves Consumer Electricals Ltd Stock Up 0.42% - 16 Apr, 2024

Crompton Greaves Consumer Electricals Ltd stock rose by 0.42% to close at Rs 292.15 with a trading volume of 17,263 shares. The company reported consolidated sales of Rs 1709.36 crore for the quarter ended December 31, 2023, down 4.88% from the previous quarter and down 11.18% YoY. However, it reported a net profit of Rs 85.99 crore for the latest quarter. MACD signalled bullish bias on the counter.

ICICI Securities Expects Muted Performance for White Goods Companies - 07 Apr, 2024

ICICI Securities states that historical data does not support the narrative of heatwaves resulting in higher growth of summer products such as fans, air coolers, air conditioners and refrigerators. The brokerage expects near-term performance of white goods companies to be muted.

Crompton Greaves Consumer Electricals Stock Falls Short of Market Return - 03 Apr, 2024

Crompton Greaves Consumer Electricals stock has fallen 26% in the last three years, with a 12% drop in the past quarter. The reduction in earnings per share is slower than the decline in share price, indicating overconfidence in the business by the market.

Crompton Greaves Expects Double-Digit Growth in Fans Category - 02 Apr, 2024

In an analyst meet, Crompton Greaves Consumer Electricals stated that they anticipate good demand for fans going forward and expect the category to have double-digit growth in the medium-term.

HDFC Securities Recommends Buy Call on Crompton Greaves Consumer Electricals - 01 Apr, 2024

HDFC Securities has recommended a buy call on Crompton Greaves Consumer Electricals with a target price of Rs 380. The company reported a consolidated total income of Rs 1709.36 crore for the quarter ended December 31, 2023, down -4.88% from the last quarter and up 11.18% from the same quarter last year. Promoters held 2.54% stake in the company as of Dec 31, 2023, while FIIs owned 35.58%, DIIs 47.45%.

Crompton Greaves Sees Promising Trajectories; ICICI Securities Has Add Call - 28 Mar, 2024

Crompton Greaves Consumer Electricals expects double-digit growth in fans and positive trajectory in other ECD products. ICICI Securities has an add call with a target price of Rs 308.

Mixed Ratings for Crompton Greaves Consumer Electricals - 27 Mar, 2024

CLSA has an outperform rating with a target of Rs 310, while Morgan Stanley maintains equal-weight with a target of Rs 275. JPMorgan remains neutral with a target of Rs 270.

Crompton Greaves Sees Strong Traction in Fans Portfolio - 26 Mar, 2024

Crompton Greaves Consumer Electricals' fans portfolio is seeing strong demand, leading to a healthy Q4FY24. The company has hiked prices significantly, which will aid margin. Nomura maintains a neutral rating with a target of Rs 320 per share.