Crompton Greaves Consumer Electrical fell 1.48% to Rs 163 at 14:45 IST on BSE on profit booking after a recent rally.
Meanwhile, the S&P BSE Sensex was down 36.89 points, or 0.13%, to 27,966.23.
On BSE, so far 1.42 lakh shares were traded in the counter, compared with an average daily volume of 3.16 lakh shares in the past one month. The stock hit a high of Rs 168.90 and a low of Rs 161.70 so far during the day. The stock hit a record high of Rs 175.70 on 1 August 2016. The stock hit a record low of Rs 126.20 on 13 May 2016. The stock had outperformed the market over the past one month till 1 August 2016, rising 16.51% compared with 3.16% rise in the Sensex.
The large-cap company has an equity capital of Rs 125.35 crore. Face value per share is Rs 2.
Shares of Crompton Greaves Consumer Electrical (CGCEL) rose 10.08% to settle at Rs 165.45 yesterday, 1 August 2016, from its close of Rs 150.30 on 27 July 2016.
Net profit of CGCEL jumped 38.03% to Rs 91.94 crore on 11.90% increase in net sales to Rs 1120.84 crore in Q1 June 2016 over Q4 March 2016. The result was announced after market hours on Friday, 29 July 2016. Shares of CGCEL jumped 5.38% to Rs 165.45 yesterday, 1 August 2016.
Separately in a press release giving comparative year on year figures, CGCEL said that its total income rose 15.4% to Rs 1120.80 crore in Q1 June 2016 over Q1 June 2015. PBIT (profit before interest and tax) before corporate expenses and one-time items rose 24.4% to Rs 172.50 crore in Q1 June 2016 over Q1 June 2015. For comparison purposes, the company has considered the sales and segment EBIT (earnings before interest and tax) numbers of the consumer business as reported by Crompton Greaves in Q1 June 2015.
CGCEL was formed as a result of the demerger of the consumer electronics and household appliances business of Crompton Greaves. Shares of CGCEL were listed on the bourses on 13 May 2016.
Crompton Greaves Consumer Electrical manufactures and markets a wide spectrum of consumer products, ranging from fans, lamps and luminaries to pumps and household appliances such as water heaters, mixer grinders, toasters, irons and electric lanterns.
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