Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "We are seeing a turnaround in both Crompton Greaves and Voltas; order book position is improving."
"I see levels of Rs 140-145 in Voltas and Crompton can go to levels of Rs 180. Crompton came down from the levels of Rs 250-300 in the last three years," Baliga said.
At 09:40 hrs Crompton Greaves was quoting at Rs 130.50, up Rs 0.75, or 0.58 percent.
The share touched its 52-week high Rs 136.80 and 52-week low Rs 71.70 on 26 December, 2013 and 25 June, 2013, respectively.
The company's trailing 12-month (TTM) EPS was at Rs 6.95 per share. (Sep, 2013). The stock's price-to-earnings (P/E) ratio was 18.77. The latest book value of the company is Rs 48.51 per share. At current value, the price-to-book value of the company was 2.69. The dividend yield of the company was 0.92 percent.
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