Crompton Greaves corrects on profit booking

Meanwhile, the BSE Sensex was down 319.07 points, or 1.59%, to 19,743.17.

On BSE, 7.54 lakh shares were traded in the counter as against an average daily volume of 2.41 lakh shares in the past one quarter.

The stock hit a high of Rs 107.70 and a low of Rs 98.10 so far during the day. The stock had hit a 52-week high of Rs 141.70 on 8 October 2012. The stock had hit a 52-week low of Rs 87.25 on 10 April 2013.

The stock had outperformed the market over the past one month till 22 May 2013, rising 13.99% compared with the Sensex's 4.66% rise. The scrip had also outperformed the market in past one quarter, gaining 12.05% as against Sensex's 3.86% rise.

The mid-cap company has an equity capital of Rs 128.30 crore. Face value per share is Rs 2.

Crompton Greaves will announce its year ended March 2013 (FY13) results on Friday, 24 May 2013.

The company reported consolidated net loss of Rs 189.36 crore in Q3 December 2012, compared with net profit of Rs 77.14 crore in Q3 December 2011. Net sales declined 1.9% to Rs 2971.83 crore in Q3 December 2012 over Q3 December 2011.

Crompton Greaves is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Industrial, Automation and Consumer.

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