Crompton Greaves spurts on winning new contract

The stock is now trading at the highest level of the day - with a gain of 2 percent on the BSE.

Crompton Greaves has strengthened its gains in the early morning deals on the BSE, on the back of winning new contract.

Yesterday after market, Crompton Greaves informed BSE that is has signed a new contract to provide ZIV protections to Saudi Electricity Company (SEC).

Currently, the stock is trading at the highest level of the day - with a gain of 2 percent to Rs. 196.30.

So far 323,000 shares have changed hands at the counter as compared to its daily average volume of 483,000 shares in the past two weeks.

Meanwhile, the BSE benchmark, Sensex, is up seven points at 28,454.