Pritesh Mehta of IIFL told CNBC-TV18, "I believe the selling pressure in Crompton Greaves is over. In last 10 months, the stock has seen a sharp decline, a sharp correction but I believe that it is on the verge of bottoming out. On the short-term charts it is on the verge of giving a breakout from a triangle pattern. The stock could resume a new uptrend altogether. So, it is a right time to buy this counter. Buy the stock for target of Rs 182."
The company's trailing 12-month (TTM) EPS was at Rs 11.68 per share. (Mar, 2015). The stock's price-to-earnings (P/E) ratio was 14.71. The latest book value of the company is Rs 63.80 per share. At current value, the price-to-book value of the company was 2.69. The dividend yield of the company was 0.47 percent.
Disclosure: Analyst has recommended these ideas to his clients but has no personal holdings.
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