Wednesday 3 February 2016

Crompton Greaves crashes 21% on Q3 net loss

The company posted a net loss of Rs. (1070.30) mn for the quarter ended December 31, 2015 as compared to net profit of Rs. 2742.90 mn for the quarter ended December 31, 2014.


Crompton Greaves - BSE
Crompton Greaves Ltd stock crashed by 21% at Rs. 138.The company posted a net loss of Rs. (1070.30) mn for the quarter ended December 31, 2015 as compared to net profit of Rs. 2742.90 mn for the quarter ended December 31, 2014. 

Total Income has decreased from Rs. 24364.20 mn for the quarter ended December 31, 2014 to Rs. 20875.20 mn for the quarter ended December 31, 2015.

The scrip opened at Rs. 150.4 and has touched a high and low of Rs. 152.8 and Rs. 136.2 respectively. So far 842722(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10472.93 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 203.5 on 05-Jan-2016 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. 175.7 and Rs. 166.15 respectively.

The promoters holding in the company stood at 34.38 % while Institutions and Non-Institutions held 49.1 % and 16.38 % respectively.

The stock is currently trading above its 50 DMA.

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