Crompton Greaves stock slips 1%; Q2 net profit down 25%

The company posted a net profit/(loss) after taxes, minority interest and share of profit/(loss) of associates (net) of Rs. 521.40 mn for the quarter ended September 30, 2015 as compared to Rs. 695.90 mn for the quarter ended September 30, 2014

Crompton Greaves stock was down by 1% at Rs. 178. The company posted a net profit/(loss) after taxes, minority interest and share of profit/(loss) of associates (net) of Rs. 521.40 mn for the quarter ended September 30, 2015 as compared to Rs. 695.90 mn for the quarter ended September 30, 2014. Total Income has decreased from Rs. 34854.90 mn for the quarter ended September 30, 2014 to Rs. 32356.50 mn for the quarter ended September 30, 2015.

The scrip opened at Rs. 178 and has touched a high and low of Rs. 180.5 and Rs. 177.65 respectively. So far 487467(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 11262.63 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 206.55 on 19-Nov-2014 and a 52 week low of Rs. 152.85 on 08-Sep-2015. Last one week high and low of the scrip stood at Rs. 186 and Rs. 178.1 respectively.

The promoters holding in the company stood at 34.38 % while Institutions and Non-Institutions held 48.32 % and 17.15 % respectively.

The stock is currently trading below its 100 DMA.