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Nuvama Institutional Equities, PL Capital and ICICI Securities cut their target prices on Crompton Greaves Consumer shares, while keeping their buy rating intact.
Crompton Greaves: In another development, Sachin Phartiyal, Business Unit Head Home Electricals, designated as a Senior Management Personnel, has tendered his resignation.
In the midcap space, CG Consumer and GMR Airports were among the top gainers, up over 4 percent and 3 percent respectively.
The total standalone revenue from operations of the company is Rs 1,657 crore, rising 3 percent from Rs 1,608 crore in the year-ago quarter, the company said in a regulatory filing.
Prabhudas Lilladher is bullish on Crompton Greaves Consumer Electrical has recommended buy rating on the stock with a target price of Rs 406 in its research report dated February 05, 2023.