The company's income was up 8.7 percent YoY at Rs 1,047.66 crore in Q2.
The Union Budget 2018-2019 on increased spending on affordable housing, infrastructure, and rural economy along with no major changes in the direct taxation structure would be sufficient to sustain momentum in the markets, suggest experts.
As many as 159 stocks rose to fresh 52-weeks high on the BSE which include names like SRF, Jubilant FoodWorks, RIL, TVS Motors, ZEE Entertainment, Bajaj Electricals, Sadbhav Engineering, V-Guard, TV18 Broadcast etc. among others.
We recommend positional traders to hold on to their position with keeping stoploss level below 10,250 on closing basis and rallies should be used to exit long positions. The Nifty50 will continue with its overall uptrend if it manages to sustain above 10,400 level.
Edelweiss is bullish on Crompton Greaves has recommended buy rating on the stock with a target price of Rs 260 in its research report dated October 27, 2017.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Marico and can sell Tech Mahindra and Crompton Greaves.
Ashwani Gujral of ashwanigujral.com recommends buying GSFC, Jindal Steel & Power and Rural Electrification Corporation.
Rajat Bose of rajatkbose.com suggests buying Crompton Greaves and Bombay Rayon Fashions.
In an interview to CNBC-TV18’s Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Prakash Diwan, Market Expert at Altamount Capital Management shared his reading and outlook on the market and also gave recommendations on various stocks.
The Indian Meteorological Department (IMD)’s prediction of an “above normal” summer is bad news for most, and yet music to the ears of investors in a dozen stocks that could gain from the heat wave.
Cipla | Tata Motors | Kotak Mahindra Bank | Tata Steel | Hero Motocorp | Infosys | Wockhardt | Vista Pharma | Kellton Tech | Dilip Buildcon | Nestle | Cadila Healthcare | Gujarat Fluorochemicals and DB Corp are stocks, which are in the news today.
SP Tulsian of sptulsian.com has given a subscribe call on the D-Mart IPO and feel it is an extremely good issue. He also maintained a positive stance on UP based sugar stocks on increase in sugar production of 17 percent this year from previous year.
"The company along with its subsidiary, CG International BV, has completed the sale with effect from March 6, upon execution of share purchase agreements and other related transactional documents with Alfanar Electric LLC and ZIV Aplicaciones," the company said in its BSE filing.
"The company along with its subsidiary, C G International BV, has completed the sale with effect from March 6, upon execution of share purchase agreements and other related transactional documents with Alfanar Electric LLC," Crompton Greaves said in a BSE filing.
Tata Motors | Tech Mahindra | Coal India | Den Networks | South Indian Bank | Bombay Burmah | Jayaswal Neco | Videocon Industries | Jindal Poly | PNC Infratech | Bharat Electronics | Arfin and Jet Airways are stocks, which are in the news today.
"Avantha Group Company CG announced that effective February 27, 2017 it has changed the registered Company name from Crompton Greaves Limited to CG Power and Industrial Solutions Ltd," the company said in statement.
Acccording to Prakash Gaba of prakashgaba.com, Aban Offshore looks good while Crompton Greaves is a good buy.
Edelweiss recommended hold rating on Crompton Greaves with a target price of Rs 72 in its research report dated February 14, 2017.
Motilal Oswal is bearish on Crompton Greaves has recommended sell rating on the stock with a target price of Rs 45 in its research report dated February 12, 2017.
HDFC Securities is bullish on Crompton Greaves has recommended buy rating on the stock with a target price of Rs 82 in its research report dated February 11, 2017.
Sandeep Wagle of powermywealth.com is of thee view that one can buy Yes Bank and Eicher Motors and advises selling Crompton Greaves.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Yes Bank and sell SRF and Crompton Greaves.
Morgan Stanley is underweight on Bank of Baroda, with reduced target at Rs 125 from Rs 135 as valuation is expensive in the context of weak earnings progression. Share price will fall relative to the industry over the next 30 days, it feels.
SBI | Bank of Baroda | Coal India | Punjab National Bank | Idea Cellular | Hindalco Industries | Ballapur Industries | Suzlon Energy | InterGlobe Aviation | Max Ventures | Reliance Capital | Tata Communications | Siemens and Sun TV Network are stocks, which are in the news today.
Crompton Greaves today reported a consolidated net profit of Rs 36.81 crore for the quarter ended December 31.