Focus on premium products despite weak summer season. Also, revival in kitchen appliances will be a key growth driver
The company's focus on expanding market share and increasing the proportion of premium products within its fan and lighting portfolios is expected to yield significant results. Additionally, restructuring efforts in the Butterfly business aim to position it as a customer-centric innovative brand. By focusing on Agri and solar pumps, premium ceiling lights, and accessories, and launching innovative BLDC fans, Crompton is well-placed to grow its market share.
Focus on premium product portfolio amid the target for market share gains
Experts say the focus on launching new products, coupled with good deals and enhanced distribution, should help brands during the festive season.
According to the survey, the four leading brands in the fan segment are Bajaj, Havells, Orient, and Crompton
Plenty of stock-specific activity, particularly in some of the railway names, but the sense one gets talking to market players is nobody is making serious money
A one-star rated energy efficient fan will help save Rs 850 on electricity bills every year, said Mathew Job, executive director of Crompton Greaves Consumer Electricals
Those who picked up the shares of the Mumbai-based home appliances company were Copthall Mauritius Investment Ltd and Ghisallo Master Fund LP.
Net Sales are expected to increase by 10.3 percent Y-o-Y (down 12.1 percent Q-o-Q) to Rs. 1,060 crore, according to HDFC Securities.
Net Sales are expected to increase by 14.3 percent Y-o-Y (up 7.1 percent Q-o-Q) to Rs. 1,210 crore, according to HDFC.
Net Sales are expected to increase by 14.4 percent Y-o-Y (up 31.2 percent Q-o-Q) to Rs. 1,231 crore, according to HDFC Securities.
Crompton Greaves Consumer Electrical today said it has tied up with UK-based Gooee to be the latter's launch partner in India.
HUL, Sun Pharma, Reliance, Lupin and Cipla were top gainers while NTPC, ITC, Maruti, Adani Ports and Wipro are top losers in the Sensex.
HUL, Sun Pharma, Coal India, Bajaj Auto and M&M are top gainers while BHEL, Tata Motors, Axis Bank, NTPC and Hindalco are losers in the Sensex.
Here are top 10 stocks to keep an eye on January 21 - HDFC, HDFC Bank, ICICI Bank, Mahindra & Mahindra Financials, Suzlon Energy, Tata Motors, Natco Pharma, Crompton Greaves, Excel Crop Care & Praj Industries.
Watch the interview of Manas Jaiswal, Technical Analyst at Manasjaiswal.com with Sumaira Abidi and Reema Tendulkar on CNBC-TV18, in which he shared his reading and outlook on specific stocks.
Tithankar Patnaik, Director - Institutional Research at Religare Capital Markets has a neutral view on the metals and mining sector but recommends investors to avoid taking positions in stocks like JSPL for now.
Ambareesh Baliga of Edelweiss Financial Services recommends buying Crompton Greaves and Voltas.
Crompton Greaves' April-June topline is expected to come in steady with a 9 percent growth due to their decent orderbook. Profitability for the company will depend on overseas operations turnaround, mix of products and projects.
Aashish Tater of Fortunewizard.com advised going long on Future Retail with a target price of Rs 78 and short on Financial Technologies with a target price of Rs 160.
Venkatesh B, equity analyst at Citi India is of the view that one can continue holding L&T, Havells and Cummins.
With the elections coming closer, there is not much room left for any major policy changes. The market is holding steady because of inflows and slight improvement in macros, but no hope on policy front.
Macquarie remains wary of the capital goods space which has disappointed on the margins front in the Jan-March quarter. Order Inflows too have been muted during the quarter.
HSIL | Force Motors | JB Chemicals | ICRA | Britannia | Gammon Infra | Crompton | Jet Airways | SpiceJet | Oil India | AstraZeneca | Coal India | Reliance Communications and Reliance Industries are stocks, which are in the news today.
Nifty has been performing sluggishly in the last 10 days. VK Sharma, Head Private Broking & Wealth Management, HDFC Securities feel it will be very difficult for the Nifty to even cross the level of 5970. He prefers to continue selling on the rallies.