Crompton Greaves shares climb 7 percent

By SiliconIndia   |   Thursday, January 28, 2010   |    1 Comments
Print Print Email Email
News Content Image

Bangalore: The Crompton Greaves stock was among the top gainers of the day, after its price went up by over seven percent following its quarterly results. After opening the day at Rs. 408, the stock touched an intra-day high of Rs. 429, before closing trade at Rs. 426.45, up 7.46 percent from its previous close. Through the day, 555,403 shares of Crompton Greaves were traded in the market, with the current P/E ratio of the stock at 33.50. The stock chart for 52-week is given on left. Crompton Greaves is an India-based company engaged in designing, manufacturing and marketing electrical products and services related to power generation, transmission and distribution, besides executing turnkey projects. The company announced that the consolidated net profit from ordinary activities after tax, minority interest and share of profit in associate companies for the third quarter ended December 31, 2009 grew to Rs. 199.64 crore in the same quarter last year. Total income grew to Rs. 2267.95 crore from Rs. 2158.60 crore in the same quarter last year. On a standalone basis, the company's net profit after tax for the third quarter ended December 31, 2009 soared to Rs. 135.43 crore from Rs. 84.77 crore in the same quarter last year. The company recommended an interim dividend of 70 percent or Re. 1.40 per share for the year 2009-10. It also recommended issue of bonus shares in the ratio of three shares for every four shares of Rs. 2 each held. Out of the 17 analysts following the stock currently, the consensus recommendation is outperform. Reliance Diversified Power Sector Fund - Retail Plan holds the highest number of shares in the company with a total of 3,151,264 shares in its portfolio.
Write your comment now
Submit Reset
Reader's comments(1)
1: Scale Select,shut meaning police railway route sea wing business aspect football road figure grey one how solution left me reasonable impact sight winner correct film regard warm throw fact treaty indeed next lunch often contribution due scientific slightly start structure ear tall allow manage annual egg season repeat tone explore party record person cause match player month activity employ upper week single argue according such approach tomorrow tax engineering actual word open concern bridge chapter session drink star box effective college insurance before option fact content else strategy hill train act police either observation familiar force constant movement
Posted by:uebernachtung guenstig in aschheim bei muenchen buchen - 03 Dec, 2010
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit
SPOTLIGHT
Previous
Next

© 2019 siliconindia.com All rights reserved.