Hold Crompton Greaves: Sharma

DD Sharma, Anand Rathi Securities is of the view that one should continue to hold Crompton Greaves.

Sharma told CNBC-TV18, “Crompton Greaves is a very good stock because the outlook for the transmission and distribution of the power is very encouraging and there are huge investments going into this segment. Crompton Greaves, which is into the manufacturing of the transformers, switchgears and all kind of various products, which are used in the transmission, and distribution of the power. So outlook seems to be pretty good and they are expanding well and immediate trigger is definitely the bonus announcement, which is likely to come very soon. So one should continue to hold the Crompton Greaves."

Disclosure: I do not have the above stock but our house has recently recommended Crompton Greaves.