Yesterday, Crompton Greaves slipped to its 52-week low on the back of disappointing fourth quarter numbers. The company reported a sharp decline in April-June consolidated net profit by 58.6% to Rs 79 crore.
It's learnt that SM Trehan, non-executive vice chairman of Gautam Thapar-led Avantha Group firm, sold 1.8 lakh stocks of the company between June 29 and July 1 period, signaling potential insider trading case. CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
