Meanwhile, the BSE Sensex was up 175.23 points or 0.89% at 19,838.87
On BSE, 95,700 shares were traded in the counter as against average daily volume of 3.61 lakh shares in the past one quarter.
The stock hit a high of Rs 116.85 and low of Rs 115.30 so far during the day. The stock hit a 52-week low of Rs 102.40 on 28 May 2012. The stock had hit a 52-week high of Rs 167 on 17 February 2012.
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The stock had underperformed the market over the past one month till 11 January 2013, rising 0.17% compared with the Sensex's 1.43% rise. The scrip also underperformed the market in past one quarter, falling 16.05% as against Sensex's 4.57% surge.
The mid-cap company has equity capital of Rs 128.30 crore. Face value per share is Rs 2.
Crompton Greaves had declined 5.68% in three trading sessions to Rs 116.10 on 11 January 2013 from Rs 123.10 on 8 January 2013.
During trading hours on Friday, 11 January 2013, Crompton Greaves said it has entered into a definitive agreement with Himachal Pradesh-based Karma Industries to buy the latter's compact fluorescent lamp (CFL) manufacturing business. The operations, located in Baddi, Himachal Pradesh, are dedicated to manufacturing CFL products.
The approximate value of acquisition is Rs 14.5 crore. The acquisition will double the company's capacity in the fast-growing CFL lighting segment and reinforce its presence in the rapidly growing Indian consumer market, Crompton Greaves said.
Chief Executive Officer and Managing Director Laurent Demortier said, "This acquisition reinforced our presence in the rapidly growing Indian consumer market. The state-of-the-art facility can manufacture 2 million lamps per month, not only providing us with immediate capacities but also allowing us to offer a complete range of CFL lamps."
Crompton Greaves' consolidated net profit fell 64% to Rs 42.05 crore on 8.1% growth in net sales to Rs 2924.17 crore in Q2 September 2012 over Q2 September 2011.
Crompton Greaves is an engineering conglomerate with diverse portfolio of products, solutions and services ranging from high-end power and industrial equipments and solutions, to consumer products and home appliances.
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