Shares of electrical equipment-maker Crompton Greaves Ltd (CGL) tumbled by over 12% in early trade on the bourses today after the company's net profit declined by 17.97% in the quarter ended March 31.
Hit by the disappointing numbers, the scrip made a weak opening on the Bombay Stock Exchange (BSE) and later plummeted by 12.09% to touch a one-month low of Rs 246.30.
The stock received a similar drubbing on the National Stock Exchange as well, where it slipped by 12.31% to touch a low of Rs 246.
On the volume front, over 79 lakh shares of the company were traded within the first one hour of the session.
Crompton Greaves' consolidated net profit fell by 17.97% to Rs 251.43 crore in the fourth quarter ended March 31, vis-a-vis Q4 of the last fiscal.
Meanwhile, the BSE Sensex was trading at 19,235.89, down by 56.13 points, at 1037 hours.
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