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Crompton Greaves drops after bulk deal

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Capital Market Mumbai

Meanwhile, the BSE Sensex was down 108.55 points or 0.56% at 19,283.31.

On BSE, 18.04 lakh shares were traded in the counter as against average daily volume of 4.14 lakh shares in the past one quarter.

The stock hit a high of Rs 121.80 and low of Rs 117.15 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.

The stock had outperformed the market over the past one month till 5 December 2012, surging 6.66% compared with the Sensex's 3.35% rise. The scrip had also outperformed the market in past one quarter, jumping 12.04% as against Sensex's 12.01% surge.

 

The mid-cap company has equity capital of Rs 128.30 crore. Face value per share is Rs 2.

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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First Published: Dec 06 2012 | 11:32 PM IST

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