Meanwhile, the S&P BSE Sensex was up 114.65 points or 0.59% at 19,510.46.
On BSE, 3.61 lakh shares were traded in the counter as against average daily volume of 3.75 lakh shares in the past one quarter.
The stock hit a high of Rs 90 and a low of Rs 87.45 so far during the day. The stock had hit a 52-week high of Rs 141.70 on 8 October 2012. The stock had hit a 52-week low of Rs 71.70 on 25 June 2013.
The stock had underperformed the market over the past one month till 28 June 2013, sliding 8.87% compared with the Sensex's 3.79% fall. The scrip had also underperformed the market in past one quarter, declining 6.83% as against Sensex's 2.97% rise.
The mid-cap company has equity capital of Rs 128.30 crore. Face value per share is Rs 2.
Shares of Crompton Greaves have surged 10.23% in two trading sessions from Rs 80.15 on 27 June 2013, after the company during trading hours on Friday, 28 June 2013, said its board at a meeting held on 28 June 2013, approved buyback of equity shares from the open market at a price not exceeding Rs 125 per share. The stock had surged 8.92% to settle at Rs 87.30 on Friday, 28 June 2013.
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Crompton Greaves said it has set aside Rs 265.70 crore for share buyback, being 10% of the total paid-up equity capital plus free reserves as per the audited balance sheet of the company for the year ended 31 March 2012 (FY 2012).
Crompton Greaves' consolidated net profit declined 74.8% to Rs 25.27 crore on 10.1% growth in net sales to Rs 3387.30 crore in Q4 March 2013 over Q4 March 2012.
Crompton Greaves is a global pioneering leader in the management and application of electrical energy. Across its operations in around 85 countries, the company provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: power, industrial, automation and consumer.
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