Crompton Greaves Consumer Electricals drops after large bulk deal

Crompton Greaves Consumer Electricals fell 1.69% to Rs 220.75 at 10:33 IST on BSE after a bulk deal of 20.09 lakh shares was executed on the scrip at Rs 221 per share at 10:19 IST on BSE.

Meanwhile, the S&P BSE Sensex was down 16.38 points, or 0.05%, to 29,893.84

Bulk deal boosted volume on the scrip. On the BSE, so far 24.59 lakh shares were traded in the counter, compared with average daily volumes of 2.26 lakh shares in the past one quarter. The stock had hit a high of Rs 226.10 and a low of Rs 220.50 so far during the day.

The stock hit a 52-week high of Rs 238.75 on 3 April 2017. The stock hit a 52-week low of Rs 126.20 on 13 May 2016. The stock had outperformed the market over the past 30 days till 3 April 2017, gaining 19.63% compared with Sensex's 3.74% rise. The scrip also outperformed the market in past one quarter, surging 44.27% as against Sensex's 12.26% gain.

The large-cap company has equity capital of Rs 125.35 crore. Face value per share is Rs 2.

Crompton Greaves Consumer Electricals' net profit rose 39.29% to Rs 57.36 crore on 9.74% growth in net sales to Rs 888.92 crore in Q3 December 2016 over Q3 December 2015.

Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaires, pumps and household appliances, such as geysers, mixer grinders, toasters and irons.

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