Crompton Greaves Shares

Abbott India, Crompton Greaves Consumer Electricals, Dalmia Bharat, Delta Corp, India Cements, JK Cement, Oberoi Realty and Persistent Systems are the new entrants into the F&O segment

The company yesterday reported a consolidated net loss of Rs 10.41 crore for the quarter ended September 30, 2016.

The Reserve Bank of India has allowed foreign investors to buy up to 100 per cent in Crompton Greaves Consumer Electricals Ltd.

Crompton Greaves' revenue growth was led by its power systems division, which reported 87 per cent jump in its revenue at Rs 703 crore.

Shares of Crompton Greaves advanced as much as 3 per cent to hit intraday high of Rs 82.80 ahead of its June quarter earnings, which will be declared later in the day.

Crompton Greaves Consumer Electricals'(CGCEL) erstwhile promoter Avantha Group on Monday said it has transferred all the shares in the company to complete its stake sale to private equity firms Advent International and Temasek.

Global brokerage CLSA initiated coverage on the stock with a "buy" call for a target price of Rs 192, which indicates a potential upside of 22 per cent from Friday's closing price Rs 157.

Crompton Greaves Consumer Electrical Ltd (CGCEL) on Tuesday said HDFC Mutual Fund has trimmed its stake in the company by 2.01 per cent to 7.20 per cent by sales of shares worth 168 crore in the open market.

Shares of Crompton Greaves Consumer Electrical (CGCE) were volatile on Thursday. The electrical appliances company post market hours on Wednesday reported its March quarter numbers.

Analysts polled by NDTV Profit expected Crompton Greaves Consumer Electricals to list between Rs 110-120.

Avantha group firm Crompton Greaves on Monday said it has signed a share purchase agreement with First Reserve International, a US private equity fund, for an enterprise value of 115 million euros (about Rs 851 crore).

Crompton Greaves had in February 2015 announced the decision to fully demerge its consumer products business.

The Sensex posted its biggest drop in three weeks and Nifty settled below its crucial psychological level of 7,500 on the back of weak global cues.

Shares of Crompton Greaves have rallied nearly 30 per cent in the past one month.

Annual interest saving which would result from debt reduction from this deal could be to the extent of Rs 40 crore, said Avinnash Gorakssakar.

Abbott India, Crompton Greaves Consumer Electricals, Dalmia Bharat, Delta Corp, India Cements, JK Cement, Oberoi Realty and Persistent Systems are the new entrants into the F&O segment

The company yesterday reported a consolidated net loss of Rs 10.41 crore for the quarter ended September 30, 2016.

The Reserve Bank of India has allowed foreign investors to buy up to 100 per cent in Crompton Greaves Consumer Electricals Ltd.

Crompton Greaves' revenue growth was led by its power systems division, which reported 87 per cent jump in its revenue at Rs 703 crore.

Shares of Crompton Greaves advanced as much as 3 per cent to hit intraday high of Rs 82.80 ahead of its June quarter earnings, which will be declared later in the day.

Crompton Greaves Consumer Electricals'(CGCEL) erstwhile promoter Avantha Group on Monday said it has transferred all the shares in the company to complete its stake sale to private equity firms Advent International and Temasek.

Global brokerage CLSA initiated coverage on the stock with a "buy" call for a target price of Rs 192, which indicates a potential upside of 22 per cent from Friday's closing price Rs 157.

Crompton Greaves Consumer Electrical Ltd (CGCEL) on Tuesday said HDFC Mutual Fund has trimmed its stake in the company by 2.01 per cent to 7.20 per cent by sales of shares worth 168 crore in the open market.

Shares of Crompton Greaves Consumer Electrical (CGCE) were volatile on Thursday. The electrical appliances company post market hours on Wednesday reported its March quarter numbers.

Analysts polled by NDTV Profit expected Crompton Greaves Consumer Electricals to list between Rs 110-120.

Avantha group firm Crompton Greaves on Monday said it has signed a share purchase agreement with First Reserve International, a US private equity fund, for an enterprise value of 115 million euros (about Rs 851 crore).

Crompton Greaves had in February 2015 announced the decision to fully demerge its consumer products business.

The Sensex posted its biggest drop in three weeks and Nifty settled below its crucial psychological level of 7,500 on the back of weak global cues.

Shares of Crompton Greaves have rallied nearly 30 per cent in the past one month.

Annual interest saving which would result from debt reduction from this deal could be to the extent of Rs 40 crore, said Avinnash Gorakssakar.