Anil Manghnani's view on Crompton Greaves

Manghnani told CNBC-TV18, "I just felt after long time, Crompton Greaves was doing nothing and was weaker around Rs 120-110 range but after a long sort of consolidation in that zone is sort of breaking out right now. Maybe if you get a dip today back to about Rs 129, I think Rs 129 to Rs 125 is a good support area with a stoploss of Rs 124 is a 20 day moving average (DMA) and I still feel Rs 135 is the first resistance where it has fallen from recently but it has legs to stretch maybe if the market were to hold right upto Rs 142."

The company's trailing 12-month (TTM) EPS was at Rs 10.82 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 12.55. The latest book value of the company is Rs 43.57 per share. At current value, the price-to-book value of the company was 3.12. The dividend yield of the company was 1.62%.