Crompton Greaves rose 7.09% to Rs 166.25 at 15:18 IST on BSE on bargain hunting after the stock tumbled 14.08% in the preceding seven trading sessions to Rs 155.25 yesterday, 7 September 2015, from a recent high of Rs 180.70 on 27 August 2015.
Meanwhile, the BSE Sensex was up 392.04 points, or 1.57%, to 25,285.85.
On BSE, so far 2.78 lakh shares were traded in the counter, compared with an average volume of 3.17 lakh shares in the past one quarter.
The stock hit a high of Rs 167.40 so far during the day. The stock hit a low of Rs 152.85 so far during the day, which is also a 52-week low for the counter. The stock hit a 52-week high of Rs 231 on 10 September 2014.
The stock had underperformed the market over the past one month till 7 September 2015, falling 19.43% compared with 11.84% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 4.93% as against Sensex's 7% decline.
The large-cap company has an equity capital of Rs 125.35 crore. Face value per share is Rs 2.
On consolidated basis, Crompton Greaves' net profit dropped 75% to Rs 16.01 crore on 8% decline in net sales to Rs 3165.80 crore in Q1 June 2015 over Q1 June 2014.
Crompton Greaves is a global pioneering leader in the management and application of electrical energy. The company provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups viz. power, industrial, automation and consumer.
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